1 / 13691 THE QUEENSWAY
Toronto (Stonegate-Queensway), Ontario, M8Y3A6
$1,099,900
Living area
1,161 square feet
Parking
1
About this property
Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option. Offering an attractive 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included. Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity! (id:66779)
Details
- Cooling
- Fully air conditioned
- Heating
- Forced air
- List aor
- Toronto
- Directions
- Cross Streets: The Queensway. ** Directions: The Queensway/Wesley St.
- Fireplace
- No
- Water source
- Municipal water
- Structure type
- Retail
- Parking features
- Underground
- Tax annual amount
- 0
- Zoning description
- Commercial (Multi Use)
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