3148 Kingston Rd

Toronto E08 | Cliffcrest | M1M 1P4
  • 9078.0 sqft
  • 0 gar

$6,900,000

Est. Mtg $23,396 /mo
  • Days on market

    179

  • Status

    U

Listing Broker AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Since listed: 2 views

Home details

MLS #:

E8218074

Property type:
Investment
Style:
Taxes:
$37,516
Possession:
Condo Fee:
Lot Size:
152.69 X 147.63
Zoning:
Commercial Residential
Use:
Heat:
Gas Forced Air Open

Description


3148 Kingston Rd, , Toronto, Ontario is a Investment property in Toronto E08 and in the Cliffcrest community in the M1M 1P4 postal code


Welcome to a rare and exceptional investment opportunity in one of Scarborough's most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 179,000 sf, 15 stories mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in Value. VTB Available.

Extras

Preliminary feasibility studies have already been conducted, demonstrating the site's suitability for a mid-rise residential development..



Payment calculator

$26523 monthly. In association with: TD Bank
%
  • Principal and Interest
    23396 /mo
  • Property Taxes
    $3126 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Daniella Silvestri, Realtor

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