$11,900,000
FOR SALE

Commercial/Retail

Lot: 101.25 x 351 ft
2025 Taxes: $32,869.82

12 Old Kingston Rd
Toronto, ON M1E 3J5 | West Hill

Excellent Kingston Rd Exposure-Mixed-Use Cash Flow Asset with Mid-Rise Redevelopment PotentialExecutive SummaryA rare opportunity to acquire a high-yielding, mixed-use property situated along the Kingston Road Corridor-a designated "Avenue" for intensification by the City of Toronto. This "covered land play" features stable commercial and residential income ($200,000+ Gross Annual) with lease expiries strategically aligned for a 2027 redevelopment window.Total Commercial GFA: ~8,675 sq. ft. Residential Component: Detached House (Currently Leased) Current Gross Income: ~$202,800 per annum Zoning: Commercial / Residential (Mixed-Use) Financing: Vendor Take-Back (VTB) interest possible for qualified purchasers.Investment Highlights1. Immediate & Stable Cash FlowThe property is anchored by a flagship showroom and warehouse tenant with a lease through March 2027. The tenant covers all interior maintenance and utilities, significantly reducing landlord "leakage." An additional residential unit provides diversified monthly income ($2,900/mo).2. Significant Redevelopment UpsideLocated within the Kingston Road "Avenue" framework, the site is a prime candidate for mid-rise densification. Recent precedents in the immediate area include successful applications for 10-12 storey mixed-use buildings. The site is perfectly positioned to capture the demand for "Missing Middle" housing and transit-oriented development.3. Operational Excellence & Low CapExThe asset has been meticulously maintained by the current owner-operator, who runs a professional HVAC company. All mechanical systems are in good operating condition, minimizing immediate capital expenditure requirements for the incoming investor. ***By Appointment Only***
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Listed By HOMELIFE NEW WORLD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E12942218
Last Updated May 16, 2026
Property Summary
Property Type Commercial/Retail

More like this:
Legal Description Ptl 10 C1 Pl2504
Possession Date TBA
Taxes (2025) $32,869.82
Directions/Cross Streets Kingston/Morningside
Neighbourhood West Hill
Area Toronto
Price History

Interested in obtaining the full price history for this property?
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Detailed Information
Freestanding Y
Bathrooms 2
Lot 101.25 x 351 ft
Air Conditioning No
Basement Basement
Garage Type Outside/Surface
Heat Type Gas Forced Air Open
Sewers Sanitary+Storm

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