Residential Condo & Other
Located in Toronto C01, Kensington-Chinatown
Price: 4288000.00 CAD
Contract Status: active
Property Description
Great and rare opportunity for a "new" building (totally gutted to the core) at a prime location in the heart of Old Chinatown. Fully leased retail @ premium rent with triple A tenants (upscale patisserie & trendy doggie yoga) on the main and lower levels. Luxuriously finished 2x 4 Bedrooms (with 2x Baths@) on the third and fourth levels (latter with a terrace). We left the residences vacant at new owner(s) discretion for possible lucrative short term rentals, university students or owner occupied dwellings. Flushed with natural lighting with CN tower and financial district views. Based on the demand and residential rates in the area, this prime investment opportunity can easily enjoy a full unrivalled 5%+ CAP. Highly visible via Dundas Street Car - close to Spadina and St.Patrick Station. Hop to Art Gallery of Ontario, Ontario College of Arts and Design (OCAD), Condo Towers and Village by the Grange and 52nd Division of Toronto Police Station in minutes. Public Parking a 2 minute walk. Hipness at its finest spilling off from Spadina and Queen West proper. Security cameras are installed. Owners will entertain VTB with substantial deposit/downpayment.
Property Highlights
- Approximate Age: N/A
- Architectural Style: 3-Storey
- Construction Materials: Brick, Concrete Block
- Bedrooms: 8
- Heat Source: Gas
- Heat Type: N/A
- Bathrooms: 6
- Lot Size: N/A
- Parking Spaces: 0 (N/A )
Additional Details
- Cross Street: Dundas/Huron
- County/Parish: Toronto
- Zoning: CR3