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1774 Eglinton Ave W
Toronto, ON M6E 2H6

Retail Property For Sale

Investment Highlights

  • Multi-family and retail
  • Fully leased
  • New finishes

Executive Summary

Location and income are crucial factors in any investment, and this property offers an excellent opportunity with 10 separate income-generating rental units. This 3-storey commercial-residential building comprises 9 residential units and 1 commercial unit, all currently fully leased, ensuring a steady income stream. Positioned prominently along the bustling corridor of Eglinton Ave West, it benefits from high visibility and foot traffic, further enhancing its investment appeal. Conveniently situated just steps away from the Fairbanks subway station, the property enjoys accessibility and connectivity to public transportation. Moreover, the surrounding area is experiencing significant growth with numerous new developments underway. The residential units consist primarily of bachelor/studio apartments, each equipped with its own kitchen and washroom, with several units having undergone renovations. Initial viewings will showcase three units, with a full showing scheduled upon submission of a conditional offer. This investment property presents a compelling opportunity for investors seeking a prime location and stable income potential in a thriving area of development.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,533 SF
Building Class
C
Year Built
1949
Price
$1,359,766 USD
Price Per SF
$300 USD
Cap Rate
5.30%
NOI
$72,068 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.60
Lot Size
0.04 AC
Zoning
CR SS2 (x2643) - Commercial Residential
Parking
1 Space (0.22 Spaces per 1,000 SF Leased)
Frontage
19 FT on Eglinton Avenue West
  • Listing ID: 30834593

  • Date on Market: 1/31/2024

  • Last Updated:

  • Address: 1774 Eglinton Ave W, Toronto, ON M6E 2H6

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