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2282 ISLINGTON AVENUE

Rexdale-Kipling, Toronto, M9W3W8

Listed by RE/MAX ROUGE RIVER REALTY LTD.

$1,500,000

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  • 3414 sq ft

Listed 71 days ago · MLS® W13663208

About this home

MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor* (id:66966)

Details

Type
Retail
Size
3414 sq ft
Property tax
$16,621
Neighbourhood
Rexdale-Kipling
Municipality
Toronto (Rexdale-Kipling)

Interior

Fireplace
No

Heating, cooling and services

Heating
Forced air, Natural gas

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX ROUGE RIVER REALTY LTD..

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