5,000+ Sq Ft Commercial Mixed Use Property in Midtown Toronto!! Available

  • $2,750,000
  • 5073 sqft

This 2-storey commercial property has 3 levels of livable space and is located only a few blocks north of the main Yonge-Lawrence intersection in the exclusive Lawrence Park North neighbourhood. This mixed use property fronts onto Yonge St with easy visibility for pedestrians, and easy access to stores, parks, and schools. Location, location!

This is 3 units with with a combined 5,000+ sq ft for an investor to update, remodel, and convert these units into their highest, best and most profitable use. This wholesale opportunity boasts 3 commercial-residential units for well under $3M total – that’s less than $1M per door in midtown Toronto!! Ultimately, the investor can buy at an appealing $540 price per sq ft (approx.)!

We are selling our assignable purchase contract.

Closing is January 14th, 2021

 

Please click HERE for more information and pictures.

Price:
$2,750,000
Address:
Yonge St
Toronto, ON
Square Feet:
5073
Lot Size:
22.81 ft x 129 ft
Terms:
Assignment of Contract
Property Type:
Commercial
Year Built:
1959
Basement:
Finished

Additional Features

PROPERTY FEATURES Total: 5,073 sq ft (view breakdown of floors below) Basement: 1,589 sq ft Main level: 1,742 sq ft Upper level: 1,742 sq ft All levels currently contain at least 1 bathroom (7 bathrooms total) Built in 1959 Each floor has a back and front entrace Front foyer includes stair access to main and upper level Stairwell access at back of property Newer tankless hot water heaters that operates the efficient radiant hot water Units are individually metered for hydro Solid brick exterior Front facade was redone in 2016 3 private parking spaces Lot size: 22.81 ft x 129 ft Zoning: CR L2 (please see mixed use bylaws HERE) The specific zoning of this property is: CR 3.0 (c 2.0; r 2.5) ss2 (x2431) Vacant possession. No tenants to evict! ---------------------------------------------------------------------------------------------- Main level: 1,742 sq ft (currently being used a restaurant called Biocafe) 3 bathrooms (all are half baths) Reception area Dining area Kitchen Storage Basement: 1,589 sq ft (currently being used a salt therapy cave but was previously as a chiropractic and rehabilitation facility ) Windows have been covered up for the spa but there are several above ground windows Basement is half underground 5 separate offices/rooms 2 bathrooms Upper level: 1,742 sq ft (floor is being rented out as an apartment) 2 bathrooms (one powder, one full bathroom) 2 bedrooms Kitchen and living/dining room There is enough sq ft to make this into 2 apartments

Call (647) 400-2093 for more details

Property Location