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Land Services Group Realty Inc., Brokerage

Henry Moeinifar
Real Estate Broker
Office Phone: (416) 888-7653
Direct: 416-992-6636
www.ingorex.com

Land Services Group Realty Inc., Brokerage
Pic_of_house
Status:
For Sale
Property Price:
$8,690,000
Business Type:
Professional Office
Property Type:
Investment
Age:
31-50
Cross Street:
Kingston Rd/Rockwood Dr
Heating:
Gas Forced Air Open
Financial Statement:
No
Freestanding:
Yes
Front Footage:
189
Industrial Area:
0
Legal Description:
PT LT 22 CON C SCARB AS IN TB126807; S/T SC303709
Total Size:
9078 Sq Ft
Type Taxes:
Annual
Zoning:
Commercial Residential
Lot Size:
189 X 147 Feet
Garage Type:
Outside/Surface
Water:
Municipal
Remarks:

Welcome to a rare and exceptional investment opportunity in one of Scarborough's most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 110,000 sf, 9 storey mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in value.

Preliminary feasibility studies have already been conducted, demonstrating the site's suitability for a mid-rise residential development. Capitalize on the growing demand for residential housing in the area.

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Henry  Moeinifar, Real Estate Broker

Land Services Group Realty Inc., Brokerage

Henry Moeinifar
Real Estate Broker
Office Phone: (416) 888-7653
Direct: 416-992-6636
www.ingorex.com

Land Services Group Realty Inc., Brokerage
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