Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: CR3(c1;r2*1556)
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Age: No Data
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Taxes: 20610
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MLS®#: W9307273
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Added: Sep 09, 2024 (1 month ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: ROYAL LEPAGE URBAN REALTY
Discover A Premier Investment Opportunity At 1264 Bloor St W, A Mixed-Use Gem Offering Substantial Potential And Immediate Returns. This Corner Building Boasts Four Beautifully Renovated Residential Apartments And Three Strategically Positioned Commercial Units, Generating An Impressive Net Operating Income Of Approximately $140,000. With A 4.70% Cap Rate And Below-Market Rents, This Property Presents A Rare Chance To Elevate Your Portfolio With A Turn-Key Investment Poised For Growth. Located In One Of Toronto's Most Dynamic Neighbourhoods, 1264 Bloor St W Is Surrounded By A Thriving Community Rich In Culture And Convenience. The Property Benefits From A Constant Flow Of Both Vehicular And Pedestrian Traffic, Ensuring High Visibility And Steady Business For Commercial Tenants. The Proximity To Multiple Subway Stations And Excellent Transit Options Makes It Highly Accessible, Adding To Its Appeal For Residential Tenants. Blvd Parking Provides Additional Convenience For Both Residents And Customers.The Residential Apartments Have Been Tastefully Renovated Within The Last 12 Years, Offering Modern Amenities That Attract Quality Tenants. With Current Rents Below Market Value, There Is Potential To Increase The NOI, Reaching A 5.65% Cap Rate. This Property Is Ideally Positioned To Capitalize On The Area's Ongoing Growth And Development.An Appealing Building In A Bustling Location, 1264 Bloor St W Offers A Unique Blend Of Stable Income And Future Potential (Including Development Potential), Making It An Ideal Investment For Savvy Investors Looking To Expand Their Portfolio In One Of Toronto's Most Vibrant Areas. Don't Miss Out On This Opportunity To Own A Piece Of Prime Real Estate In A Highly Sought-After Community.
Extras
Marketing Package Available Upon Request.
Property
Status: Sale
Property Type: Investment
Property Type: Retail
Area: Toronto
Community: Dovercourt-Wallace Emerson-Junction
Availability Date: IMM/TBA
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Other
Elevator: None
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: Boulevard
Fees
Tax Year: 2024
Taxes: $20,610
Taxes Type: Annual
Land
Cross Street: Bloor & Lansdowne
Municipality District: Toronto W02
Parcel Number: 213110557
Lot Depth: 100 Feet
Lot Frontage: 25 Feet
Zoning: CR3(c1;r2*1556)
Commercial Specific
Sprinklers: N
Total Area: 5000
Total Area Metric: Sq Ft
Office Size: 2850
Office Size Metric: Sq Ft
Lot Code: Lot
ALPHA II Alternative School
Elementary: PublicÉcole élémentaire Toronto Ouest
Elementary: PublicÉIC Saint-Frère-André
Elementary: CatholicSt Sebastian Catholic School
Elementary: CatholicBrock Public School
Elementary: PublicPauline Junior Public School
Elementary: PublicCaring and Safe Schools LC4
Secondary: PublicALPHA II Alternative School
Secondary: PublicÉSC Saint-Frère-André
Secondary: CatholicÉcole secondaire Toronto Ouest
Secondary: PublicBloor Collegiate Institute
Secondary: PublicSt Mary Catholic Academy Secondary School
Secondary: Catholic
