REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,999
Est. payment | /mo
1,000 SqFt
$ 1,599,999
Est. payment | /mo
1,000 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $1,599
Subdivision Palmerston-Little Italy
MLS Listing ID C12023369
Annual Tax Amount $14,662
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Prime Signalized Corner Property. Southeast corner of Bloor & Manning. Well-located along Bloor Street West. Easily managed single-tenant investment. Approximately 1,000 square feet of ground floor area, plus a full basement. The roof was replaced in December 2013. The existing tenant has occupied this building since 2012. The lease term expires December 31, 2027. The tenant has a 1 x 5 option to extend. Realty Taxes, Property Insurance and Operating Expenses are recovered from the tenant. Net Operating Income is: $75,000.00. Possibility of a future patio adjacent to the building. This corner property allows for maximum retail exposure and excellent pedestrian and vehicular access. 2 blocks east of Christie TTC Subway Station. Properties such as this are rarely available. This is much better than purchasing a retail condominium as an investment!!! The owner may consider VTB with 50% down. Do not go direct. Do not disturb the tenant.
Location
State ON
County Toronto
Community Palmerston-Little Italy
Area Toronto
Zoning CR2.5(C1;R2.0)SS2(X1438)
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 20.19
Lot Depth 49.92
Others
Security Features No
Listed by BRIXTON COMMERCIAL REALTY
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