900 Middlefield Rd - Storefront Retail/Residential FOR SALE


Toronto, ON M1V 4X1
$5,295,000 CAD
905-624-3500
900 Middlefield Rd, Toronto, ON for Sale
$5,295,000 CAD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

900 Middlefield Rd
Toronto, ON M1V 4X1


HIGHLIGHTS

  • Development application for 48-unit condo
  • 5-storey mixed-use residential/commercial
  • Positive NOI from month-to-month tenants

OVERVIEW

This 5,506 sq. ft. retail plaza presents a prime redevelopment opportunity with a pending application for residential redevelopment. The proposed project is a 5-storey, mixed-use condominium building designed by Keith Loffler McAlpine Architects, featuring 48 residential units above a commercial ground floor, totaling 55,310 sq. ft. of GFA with an FSI of 2.18. Currently, the building is occupied by two month-to-month tenants, providing holding income through a positive NOI. The property can be sold vacant, and further details on the plans, environmental assessments, and rent roll can be obtained by contacting the listing agent.

FOR SALE DETAILS

PRICE

$5,295,000 CAD

PRICE/SF

$950 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

CL

APN/PARCEL ID

190112475000550

ASK ABOUT THIS PROPERTY

Kevin BrennanIndusite Realty CorporationMore Info
905-624-3500

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Kevin BrennanIndusite Realty CorporationMore Info
905-624-3500

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