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C5717176
$2,649,900

966 College St (College St. / Dovercourt Rd.)

Price: $2,649,900

Status: For Sale 

MLS®#: C5717176

$2,649,900
  • Tax: $11,034/Annual (2021)
  • Community:Dufferin Grove
  • City:Toronto
  • Type:Commercial
  • Style:Commercial/Retail
  • Size: 2,550 Sq Ft
  • Basement:Y
  • Garage:Outside/Surface

Features:

  • HeatingGas Hot Water
  • Sewer/Water SystemsSanitary, Municipal

Listing Contracted With: ROYAL LEPAGE REAL ESTATE SERVICES LTD., BROKERAGE

Description

An Excellent Investment Opportunity In Dufferin Grove. Retail Unit Was Recently Renovated And Offers Excellent Income. Second Floor Apartment Is Currently Undergoing Top-Of-The-Line Renovations. Net Income Is Over $117,000 With The Upside On Turnover Of The Second Floor Tenant, Who Is Currently Paying Below Market Rent. Before The Closing The Landlord Will Finish Renovations To The Second Floor Apartment, Update The Hallways, Facade And Replace The Third Floor Windows. The Owner Has Invested Around $100,000 In Renovations So Far. The Property Is Valued At A 4.6% Cap Rate.


Highlights

Vendor Financing And Vacant Possession Possible.

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Pamak Azizi-Moghaddam

Broker of Record

PAM Realty Ltd.