Colliers International (the “Agent”) is pleased to present the opportunity to acquire 1048 Kingston Road (the “Property” or the “Building”), a newly developed 3,741 square foot, 3-storey mixed-use retail and residential building with 20 feet of street-front exposure along one of the Beaches’ most active retail nodes. The building is currently 100% leased, offering investors immediate, predictable cash flow with rental upside, as in-place rents are below market benchmarks. The Property comprises 1,383 square feet of ground-floor retail space and two self-contained apartment units. The residential component includes an 884 square foot bachelor suite on the second floor and a 1,474 square foot two-bedroom suite spanning the second and third floors, each with a separate entrance.
The retail unit benefits from strong visibility and exposure along Kingston Road, one of the Beaches’ primary commercial corridors, while the residential suites offer above-average unit sizes compared to most residential units located above street-level retail, supporting strong tenant appeal and retention. The Property’s tenancy profile supports strong, reliable income today, with embedded growth potential tied to Kingston Road’s ongoing reinvestment and transformation into a major mixed-use corridor.