Description
Investment Opportunity In The Heart Of Kensington Market! Building Is Fully Tenanted. With Main Floor Retail Space, 2-Storey Residential Apartment On 2nd & 3rd Floor With A Beautiful Patio Featuring City Views. Lower Level Retail Space Has And Is With Storage.Very Well Maintained Building With A Completed Newer Roof. Significantly Under Market Rents With Renewals Approaching, Opportunity To Increase Cap Rate Over 5%. Current Cap Rates Sitting At Around 4%.
Extras: Popular Neighbourhood With Excellent Pedestrian & Car Traffic, Variety Of Restaurants, Boutique Shopping, Cafes & More. Just Steps To Queens Park, U Of T St. George Campus, Ttc & Subway. Sq Ft Includes Rear Covered Addition/Balcony.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
Description
Investment Opportunity In The Heart Of Kensington Market! Building Is Fully Tenanted. With Main Floor Retail Space, 2-Storey Residential Apartment On 2nd & 3rd Floor With A Beautiful Patio Featuring City Views. Lower Level Retail Space Has And Is With Storage.Very Well Maintained Building With A Completed Newer Roof. Significantly Under Market Rents With Renewals Approaching, Opportunity To Increase Cap Rate Over 5%. Current Cap Rates Sitting At Around 4%.
Extras: Popular Neighbourhood With Excellent Pedestrian & Car Traffic, Variety Of Restaurants, Boutique Shopping, Cafes & More. Just Steps To Queens Park, U Of T St. George Campus, Ttc & Subway. Sq Ft Includes Rear Covered Addition/Balcony.