1408 Kingston Rd - Storefront Retail/Residential FOR SALE


Toronto, ON M1N 1R3- Birchcliffe-Cliffside
$2,000,000 CAD
416-588-6777
1408 Kingston Rd, Toronto, ON for Sale
$2,000,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | 5.33% Cap Rate

1408 Kingston Rd
Toronto, ON M1N 1R3
Birchcliffe-Cliffside


HIGHLIGHTS

  • 7-unit multiplex: 6 x 2-bedroom, 1 x 1-bedroom
  • Value-add potential with unit splitting
  • 3 parking spots, flat roof replaced (2024)

OVERVIEW

Take advantage of this prime 7-unit multiplex for sale, featuring 6 x 2-bedroom units and 1 x 1-bedroom unit. Three of the units were renovated in 2023 and are currently owner-occupied, offering potential for additional rental income. One of the larger 2-bedroom units on the second floor has two entrances and the potential to be split into two separate units, providing even more value. This property presents a great value-add opportunity for the right operator. All units are separately metered for hydro, and there are 3 gas meters in total. Some long-term tenants are in place, but vacant possession can be provided for certain units. The property also includes 3 parking spots and has a flat roof that was replaced in 2024. With a current gross income of $130,000, this is an ideal investment for both experienced investors and first-time buyers looking to get into the market.

FOR SALE DETAILS

PRICE

$2,000,000 CAD

PRICE/SF

$301 CAD /SF

CAP RATE

5.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CR

APN/PARCEL ID

190101214002000

ASK ABOUT THIS PROPERTY

Frank LeoRe/Max West Realty Inc.More Info
416-588-6777

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Frank LeoRe/Max West Realty Inc.More Info
416-588-6777

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.