417-419 Rogers Rd - Storefront Retail/Residential FOR SALE


Toronto, ON M6M 4Z8
$2,990,000 CAD
437-374-0089
417-419 Rogers Rd, Toronto, ON for Sale
$2,990,000 CAD
Storefront Retail/Residential - FOR SALE
1/6
null | 8.03% Cap Rate

417-419 Rogers Rd
Toronto, ON M6M 4Z8


HIGHLIGHTS

  • Corner Property
  • Signage
  • Surface parking

OVERVIEW

Corner Property with Business for sale. The land size is 50x112 Ft. The 1st floor is 3180 sqft of retail store space. 2nd Floor has Two 2 bedroom apartments. The building also includes a basement - one existing 2 bedroom apartment plus potential to add another 2-bedroom apartment. This building has 10 parking spaces. There is potential upside to the building - drawings have been made to add another 4 apartment units. Store sales: weekly sale: $20,000 with 40% of cigarettes. Lottery commission $2,300 per month. Property tax $17,599 per year. Business together with property asking price is 2.99 million. Recently a brand name coin laundry company offered the owner the package of installing coin laundry machines in the store after they did thorough study. The property value and business income will be increased after the coin laundry installed since it will not only bring cash flow from the machines themselves but also bring customers who will buy store items.

FOR SALE DETAILS

PRICE

$2,990,000 CAD

PRICE/SF

$749 CAD /SF

CAP RATE

8.03%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

C1

APN/PARCEL ID

191405103002300

ASK ABOUT THIS PROPERTY

Vicky PanAimHome Realty Inc.More Info
437-374-0089

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Vicky PanAimHome Realty Inc.More Info
437-374-0089

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