265 King St N - Retail FOR SALE


$2,200,000 CAD
416-566-0851

NO PHOTO

$2,200,000 CAD
Retail - FOR SALE
null | 4.55% Cap Rate


OVERVIEW

LOCATION! LOCATION! LOCATION! Excellent opportunity to own a well-established, turn-key commercial plaza ideally situated in a high-traffic area and serving numerous surrounding subdivisions, with additional future residential development proposed nearby. The plaza features 3 established tenants generating approximately $100,000 per year in total rent, plus TMI, providing an attractive income-producing investment with a strong cap rate. Excellent visibility with easy ingress and egress. Additional development potential allows for approximately 4,000 sq. ft. of additional space above the existing plaza, suitable for rental apartments or professional office space, subject to municipal approvals. Offered for sale by the original owner who built the plaza. A rare opportunity combining stable rental income with future development upside. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$550 CAD /SF

CAP RATE

4.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Frank GentileRE/MAX Your Community RealtyMore Info
416-566-0851

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Frank GentileRE/MAX Your Community RealtyMore Info
416-566-0851

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