Heating
Forced air Natural gas
District
High Park-Swansea
Exceptional mixed-use investment opportunity in a highly desirable Dundas West location, and right in the middle of the desirable High Park/Roncesvalles communities. This well-positioned property offers a unique combination of commercial and residential income, featuring nearly 1800 sq. ft. of main-floor commercial space, plus the finished basement and garage, currently occupied by an established coffee shop/yoga studio. Two separate residential rental units provide additional income, creating three distinct income streams. All units are separately metered, with no landlord-paid utilities. The commercial tenancy offers a 3-year term with 3% annual contractual rent increases, providing investors with predictable income growth and future NOI appreciation. Current gross scheduled rental income is approximately $125,430 annually, with projected income growth over the commercial lease term. An excellent opportunity for investors seeking a diversified mixed-use asset with established tenancy and built-in rental growth. (id:374)
