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261 Augusta Ave

Toronto, ON M5T 2M1
  • $2,095,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: C5748176
$2,095,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

Description

Investment Opportunity In The Heart Of Kensington Market!Building Is Fully Tenanted. With Main Floor Retail Space & Basement Storage & A Second Floor Residential Apartment. Very Well Maintained Building With A Completed New Roof. Potential For More Space In Basement.Significantly Under Market Rents With Renewals Approaching, Opportunity To Increase Cap Rate Over 5%.? Current Cap Rates Sitting At Around 4%.

Extras: Popular Downtown Toronto Neighbourhood With Excellent Pedestrian Traffic, Plenty Restaurants, Boutique Shopping, Cafes & More. Just Steps To Queens Park,U Of T, St.George Campus,Subway,T.T.C. Street Car Access .Retail Area Includes Basement

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Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Sotheby's International Realty Canada. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2022-10-02T06:40:28.617.
www.bluemountainproperty.ca/homes/132632457
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261 Augusta Ave Toronto, ON M5T 2M1

  • Price: $2,095,000
  • Status: Active
  • On Site: 31 Days
  • MLS #: C5748176
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Kensington-Chinatown
County:
Ontario
Area:
Toronto C01
Property Description
Investment Opportunity In The Heart Of Kensington Market!Building Is Fully Tenanted. With Main Floor Retail Space & Basement Storage & A Second Floor Residential Apartment. Very Well Maintained Building With A Completed New Roof. Potential For More Space In Basement.Significantly Under Market Rents With Renewals Approaching, Opportunity To Increase Cap Rate Over 5%.? Current Cap Rates Sitting At Around 4%.

Extras: Popular Downtown Toronto Neighbourhood With Excellent Pedestrian Traffic, Plenty Restaurants, Boutique Shopping, Cafes & More. Just Steps To Queens Park,U Of T, St.George Campus,Subway,T.T.C. Street Car Access .Retail Area Includes Basement
Exterior Features

Area Influences Public Transit Freestanding No Garage Type None Lot Depth 78.33 Lot Front 16.08 Lot Size Code Feet

Interior Features

Air Conditioning N Basement Y Elevator None Heat Type Gas Forced Air Open Office Apartment Area 672 Office Apartment Area Code Sq Ft Retail Area 1568 Retail Area Code Sq Ft Total Area 2240.00 Total Area Code Sq Ft

Property Features

Category Store With Apt/Office Commercial Type Store W/Apt/Office Cross Streets Nassau St. And Augusta Ave. List Price Type For Sale Lot Code Lot Occupancy Tenant Sale Or Lease Sale Seller Property Info Statement No Sewer San+Storm Avail Sprinklers N Tax Year 2022 Taxes 13572.52 Taxes Type Annual Utilities A Water Municipal Zoning Cr 2.0 (C2.0; R1.5) Ss2 (X2457)

Listing courtesy of Right At Home Realty, Brokerage.
Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Sotheby's International Realty Canada. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2022-10-02T06:40:28.617.
 
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Collingwood ON, L9Y 2M1