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Est. payment /mo
New
Address not disclosed Toronto W05, ON M9L 2K9
1,630 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 1,630 sqft
Municipality Toronto W05
Subdivision Humber Summit
MLS Listing ID W13631748
Annual Tax Amount $5,822
Tax Year 2026
Property Sub-Type Store W Apt/Office
Property Description
Rare mixed-use investment opportunity on the Islington Avenue corridor! Well-maintained commercial/residential property featuring approximately 1,632 sq.ft. above grade, including a street-level retail unit with excellent exposure and a separately accessed renovated 2-bedroom apartment above. The upper unit has been recently updated with new windows, flooring, kitchen, bathroom and fresh paint, while the main floor commercial space offers an excellent opportunity to modernize and increase rental income. Full basement provides additional storage and utility space. Situated on a deep 17.82' x 196.23' CR1-zoned lot, allowing for a variety of commercial and residential uses (buyer to verify permitted uses). Located on a high-traffic corridor with TTC at the doorstep and quick access to Highways 401, 407 and 427. An ideal opportunity for investors seeking long-term appreciation or owner-operators looking to operate their business while benefiting from residential rental income. Potential to improve cash flow through rental optimization, with projected returns approaching a 5% capitalization rate based on market rents and purchaser's own due diligence.
Location
Province ON
County Toronto
Community Toronto W05
Area Toronto
Zoning CR 1.0 (c1.0; r1.0) SS3 (x231)
Interior
Cooling Yes
Inclusions Appliances in residential unit; fridge, stove, OTR microwave.
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 17.82
Lot Depth 196.23
Others
Security Features No
ParcelsYN No
Listed by KELLER WILLIAMS EMPOWERED REALTY