ON > Toronto > West Hill
Toronto, ON M1E 2M8,4280 Kingston RD
Toronto, ON M1E 2M8,4280 Kingston RD
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$9,788,888
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4280 Kingston RD Toronto, ON M1E 2M8

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision West Hill

MLS Listing ID E12516440

Annual Tax Amount $50,515

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

4280 4288 Kingston Road (the "Property") is a well located retail plaza that features strong rental rate upside in Scarborough - a community experiencing exponential population growth. Comprising 11,519 sq. ft. of GLA, the Property is 100% leased to a complementary mix of tenants that features reasonably low WALT's and in-place net rental rates that are ~20% below market. The retail plaza is divided into 10 units and is fully leased, providing diversity to the underlying cash flow and ongoing upside opportunities. The Property also has a ZBA application for an 11 storey, 147,466 sq. ft. residential development that would provide 225 units to the surrounding neighborhood. 4280-4288 Kingston Road provides a rare opportunity to acquire a diversified open air retail plaza with future value add opportunities through both active management, leasing & long term development upside. The Property is being offered at a 5.50% capitalization rate on in-place income.

Location

Province ON

County Toronto

Community West Hill

Area Toronto

Zoning Commercial

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 202.5

Others

Security Features Yes

ParcelsYN No

Listed by CBRE LIMITED
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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4280 Kingston RD

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