Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've found it! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit is truly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops within close proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and a great amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3 beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades), POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances. In addition, there are separate Hydro/Gas meters in place for the units. The Electrical room has been nicely organized and updated with 800 AMP service for the building! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water Heater Rental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, & more). (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
3
Bathrooms
3
Lot
62 x 118 ft
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
High Traffic Area, Community Centre
Equipment
Water Heater
Listing Contract Date
2025-01-29
Location Description
King St E & Glendale Ave S
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Multi-family
Rental Equipment
Water Heater
Transaction Type
For sale
Zoning Description
TOC1
Building
Basement Development
Unfinished
Basement Type
Full (Unfinished)
Cooling Type
Central air conditioning
Exterior Finish
Brick
Heating Fuel
Natural gas
Heating Type
Forced air, Other
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
Visitor Parking
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
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