1 / 252282 ISLINGTON AVENUE
Toronto (Rexdale-Kipling), Ontario, M9W3W8
$1,500,000
Living area
3,414 square feet
About this property
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor* (id:66779)
Details
- Cooling
- None
- Heating
- Forced air, Natural gas
- List aor
- Toronto
- Directions
- Cross Streets: Islington/Rexdale. ** Directions: Just North of Highway 401.
- Fireplace
- No
- Water source
- Municipal water
- Structure type
- Residential Commercial Mix
- Tax annual amount
- 16,621
- Lot size dimensions
- 38.89 x 173 FT
- Zoning description
- Commercial CR2 (c2;r1.5*1142)
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