Commercial Properties For Sale in Toronto

14 unit rooming house under 1 head lease. Currently leased to Loft Community Services under a rooming house license paying $13,500.00 on a monthly basis. Net/Net Purpose built building in terrific condition on a large 51 x 122' ft. lot. Parking for 5 cars. Please allow 48 hrs for showings.Almost a 6% cap rate **EXTRAS** AS PER SCHEDULE "B" - Full Legal Description: Plan D1342, Lt. 2, Pt. Lts 1 & 3, Pt. Lts 29, 30, 31 & 32 Plan D1344, Pt. Lt 40

***ATTENTION INVESTORS.....FULLY RENOVATED & FULLY LEASED!!!*** This 3-Storey Commercial-Residential Corner Property Is Loaded W/All The Bells & Whistles, Featuring Spectacular New Tenants And A Marvellous Income Stream. Recently Gutted Back To The Studs, The Property Features A Main Floor Restaurant With Terrific Side Patio & A Spectacular Residential 2-Storey Suite Overlooking Downtown Toronto. A Perfect Opportunity To Own A Turnkey Property In The Heart Of Trinity-Bellwoods!

Opportunity to acquire 3 contiguous buildings with 52 feet of frontage on the Danforth and rear lane access. The buildings are fully leased to both commercial and residential tenants. Potential for future development. Properties are being sold together.

The property comprise 4 furnished rental apartment suites and one laneway house also furnished. In total there are 4 two bedrooms and 1 four bedroom units. All units are self contained and built and furnished to high end luxury standards. In total there is over 5,000 sf of rentable space. There is very little common area. The entire project is low maintenance with in ground snow melting and solar panels. All suites have full kitchens and in total there are 10 bathrooms. This is a turnkey investment property with a property management agreement in place paying $25,000 per month. This is a headache free investment with a brand new building and no cap ex for another 20 years. The lease can be terminated and this could make a wonder full family compound. This housing is the future for the city.