1774 Eglinton Ave W - Storefront Retail/Residential FOR SALE


Toronto, ON M6E 2H6- Briar Hill-Belgravia
$1,950,000 CAD
905-564-2100
1774 Eglinton Ave W, Toronto, ON for Sale
$1,950,000 CAD
Storefront Retail/Residential - FOR SALE
1/1
null | 5.3% Cap Rate

1774 Eglinton Ave W
Toronto, ON M6E 2H6
Briar Hill-Belgravia


HIGHLIGHTS

  • Excellent investment opportunity with 10 separate income- generating units at this property, fully leased.
  • This property benefits from high visibility and foot traffic.
  • Great accessibility, Conveniently situated just steps away from the Fairbanks subway station.

OVERVIEW

Location and income are crucial factors in any investment, and this property offers an excellent opportunity with 10 separate income-generating rental units. This 3-storey commercial-residential building comprises 9 residential units and 1 commercial unit, all currently fully leased, ensuring a steady income stream. Positioned prominently along the bustling corridor of Eglinton Ave West, it benefits from high visibility and foot traffic, further enhancing its investment appeal. Conveniently situated just steps away from the Fairbanks subway station, the property enjoys accessibility and connectivity to public transportation. Moreover, the surrounding area is experiencing significant growth with numerous new developments underway. The residential units consist primarily of bachelor/studio apartments, each equipped with its own kitchen and washroom, with several units having undergone renovations. Initial viewings will showcase three units, with a full showing scheduled upon submission of a conditional offer. This investment property presents a compelling opportunity for investors seeking a prime location and stable income potential in a thriving area of development.

FOR SALE DETAILS

PRICE

$1,950,000 CAD

PRICE/SF

$430 CAD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CR SS2 (x2643)

APN/PARCEL ID

191403203003300

ASK ABOUT THIS PROPERTY

Chander (CK) GurditaRoyal LePage Flower City RealtyMore Info
905-564-2100

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Chander (CK) GurditaRoyal LePage Flower City RealtyMore Info
905-564-2100

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