Property Description

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 110,000 sf, 9 storey 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.

Features
: Gas Forced Air Open
: Y
Address Map
CA
Ontario
Toronto
M1M 1P4
Kingston
3148
0
W80° 46' 15.7''
N43° 43' 43.6''
More info
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https://vimeo.com/842715832
2023-10-25 11:23:02.0
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Investment For Sale

3148 Kingston Rd, Toronto, Ontario M1M 1P4

  • Area: 9,078 Sqft
  • Visits : 29 in 414 days
$8,690,000
Listing ID#E7241240
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Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : E7241240
Price : $8,690,000
Area : 9,078 Sqft
Year Built : 0
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Firas Al-Rifay
Ontario Real Estate @JDF Realty.LTD Brokerage
Ontario Real Estate @JDF Realty.LTD Brokerage
999 Edgeley Blvd. Units 5-6 Vaughan, Ontario, Canada L4K 4R7
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