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$ 1,499,000
Est. payment | /mo
5 Baths
$ 1,499,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto W02
Subdivision Dovercourt-Wallace Emerson-Junction
MLS Listing ID W13030750
Annual Tax Amount $8,295
Tax Year 2025
Property Sub-Type Investment
Property Description
Renovate or build, two great options for this highly visible corner property in Toronto's West Junction-Wallace area. Take advantage of theexisting 4-unit building: 1-Commercial and 3-Residential units, and renovate them for higher rental yields with an anticipated 8% leveraged returnOR, benefit from Toronto's Major Street Initiative and create a design-build option for purpose-built multi-residential apartments. The propertyfeatures a 425 sq. ft. main-floor commercial unit and three residential apartments located on the rear and upper levels. This well-maintainedbuilding offers almost 2,400 sq. ft. of above-grade space, with a flexible and income-friendly unit mix of two one-bedroom apartments and onethree-bedroom apartment. Nestled in a desirable, transit-oriented location just minutes from Dufferin Station, the property benefits from strongrental demographics, excellent connectivity, and an impressive Walk Score of 88. Conveniently located near shops, restaurants, a communitycentre, and schools. Seller is a Registered Real Estate Agent (RREA).
Location
Province ON
County Toronto
Community Toronto W02
Area Toronto
Zoning R(d0.6*740)
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 22.08
Lot Depth 106.0
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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