ON > Toronto E06 > Birchcliffe-Cliffside
Toronto E06, ON M1N 1R3,1408 Kingston RD
Toronto E06, ON M1N 1R3,1408 Kingston RD
Toronto E06, ON M1N 1R3,1408 Kingston RD
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$1,600,000
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5,900 SqFt
Active

1408 Kingston RD Toronto E06, ON M1N 1R3

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 5,900 sqft

Price per Sqft $271

Subdivision Birchcliffe-Cliffside

MLS Listing ID E12253726

Annual Tax Amount $7,246

Tax Year 2024

Property Sub-Type Investment

Property Description

6.6% Cap Rate! 6 Unit Multiplex For Sale. Plus One Non-Conforming Unit In Bsmt. 6 x 2 Bed Units. 1 x 1 Bed Unit. 3 Renovated Units (2023) Currently Owner Occupied Suite Could Be Split Into 2 units. 2nd Floor Large 2 Bed Unit Has 2 Entrances And Has Potential To Split As Well. Value-Add Opportunity For The Right Operator. All Units Have Separate Hydro Meters. 3 Gas Meters. Some Long Term Tenants But Vacant Possession Be Discussed. 2 Parking Spots On Property, One Rented From Neighbour. Flat Roof Replaced 2024. Great Investment Property For An Experienced Investor Or First Timer. Current Gross Income $130,000. Insurance $5,980, Hydro $5,400, Gas $5,400, Water $6,600. Easy Access To Subway, Beaches, Shops On Kingston Rd, TTC Bus Stop At Door Step, Birchmount Park & Community Centre. Some Virtually Staged Photos.

Location

Province ON

County Toronto

Community Birchcliffe-Cliffside

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 55.0

Lot Depth 110.0

Listed by RE/MAX WEST REALTY INC.
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Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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1408 Kingston RD

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