2913 Dundas St W - Storefront Retail/Office FOR SALE


Toronto, ON M6P 1Y9- High Park North/Junction
$2,099,000 CAD
416-862-0611
2913 Dundas St W, Toronto, ON for Sale
$2,099,000 CAD
Storefront Retail/Office - FOR SALE
1/2
null | 4.69% Cap Rate

2913 Dundas St W
Toronto, ON M6P 1Y9
High Park North/Junction


HIGHLIGHTS

  • Retail amenities nearby
  • Access to public transit and highway
  • High exposure location
  • Heavy commercialized area
  • Natural light exposure

OVERVIEW

C&W is pleased to offer for sale 2913 Dundas St W, a streetfront retail building located on one of the busiest & most desirable blocks in The Junction. The property is offered 100% leased, offering excellent cash flow, with near term rental upside as well as opportunity for end-user occupancy. The ground floor & lower-level retail space is leased to Junction Optometrists, a well-established optometry clinic in business for over 35 years. The second floor is comprised of 2 Residential Apartments (1x1 bdrm & 1x2 bdrm), leased to stable tenants at market rents. The retail lease runs to May 2027, but the tenant has no further renewal rights or options to extend. This provides both investors and end users with an excellent opportunity to benefit from existing retail lease terms. Purchasers can have ample lead time to re-let the space to another tenancy / extend the current lease (with ability to increase rental rates & customize deal structure), or to occupy the space for their own medical or retail purposes. - 100% Leased To Established Optometry Clinic & Stable Residential Tenants - $98,439 Actual NOI with Imminent Rental Upside & End User Opportunity (On or after May 2027) - Total Size: Approximately 3,847.50 SF (2,847.50 SF Above Grade) - Well Suited For Investors or Medical / Retail End Users Looking for a Turn Key Clinic - Extensive Renovations inc. Finished Lower-Level (Currently Used as a Laboratory) - 2 Rear Parking Spaces off Municipal Laneway - Ideal for Optometrists, Doctors, Dentists And Other Professionals, Who Can Capitalize Off Existing Leaseholds & The Well-Established Location As A Optometrist / Medical Building.

FOR SALE DETAILS

PRICE

$2,099,000 CAD

PRICE/SF

$545 CAD /SF

CAP RATE

4.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,220 SF

ZONING

CR

APN/PARCEL ID

190401388002100

ASK ABOUT THIS PROPERTY

Mike BetelCushman & WakefieldMore Info
416-862-0611

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Mike BetelCushman & WakefieldMore Info
416-862-0611

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