966 College St

Toronto, M6H1A5
UNAVAILABLE
966 College St, Toronto
Store With Apt/Office
CATEGORY
2,550 Sq Ft
TOTAL AREA
C5717175
MLSID
Contact Us
Property Description
An Excellent Investment Opportunity In Dufferin Grove. Retail Unit Was Recently Renovated And Offers Excellent Income. Second Floor Apartment Is Currently Undergoing Top-Of-The-Line Renovations. Net Income Is Over $117,000 With The Upside On Turnover Of The Second Floor Tenant, Who Is Currently Paying Below Market Rent. Before The Closing The Landlord Will Finish Renovations To The Second Floor Apartment, Update The Hallways, Facade And Replace The Third Floor Windows. The Owner Has Invested Around $100,000 In Renovations So Far. The Property Is Valued At A 4.6% Cap Rate.
Extras
Vendor Financing And Vacant Possession Possible
Property Details
Category
Store With Apt/Office
Zoning
Cr2.5 (C1.0; R2.0)
Total Area
2,550 Sq Ft
Office/Apartment Area
1,700 Sq Ft
Retail Area
850 Sq Ft
Lot Size
18' x 137'
Taxes
$11,034 (2021)
Listing contracted with Royal Lepage Real Estate Services Ltd., Brokerage
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