3148 Kingston Road, Toronto | Image 1

3148 Kingston Road

Toronto, Cliffcrest

  • Commercial

$6,900,000
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: Commercial Resid

  • Age: No Data

  • Taxes: 37516.14

  • MLS®#: E8218074

  • Days on Site: 7 Days

  • Added: Apr 08, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

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 179,000 sf, 15 stories 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. VTB Available

Extras

Preliminary feasibility studies have already been conducted, demonstrating the site's suitability for a mid-rise residential development.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Toronto

  • Community: Cliffcrest

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Taxes: $37,516

  • Taxes Type: Annual

Land

  • Cross Street: Kingston Rd/Rockwood

  • Municipality District: Toronto E08

  • Lot Depth: 147.63 Feet

  • Lot Frontage: 152.69 Feet

  • Zoning: Commercial Resid

Commercial Specific

  • Retail Area: 4329

  • Retail Area Metric: Sq Ft

  • Total Area: 9078

  • Total Area Metric: Sq Ft

  • Office Size: 4749

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

Map of 3148 Kingston Road, Toronto
JK-8

Anson Park Public School

Elementary: Public
1.01 km
JK-6

H A Halbert Junior Public School

Elementary: Public
0.27 km
7-8

Bliss Carman Senior Public School

Elementary: Public
0.51 km
JK-6

Mason Road Junior Public School

Elementary: Public
1.18 km
JK-8

Fairmount Public School

Elementary: Public
1.02 km
JK-8

St Agatha Catholic School

Elementary: Catholic
0.58 km
Pre-Grade 9-12

Caring and Safe Schools LC3

Secondary: Public
2.18 km
9-12

ÉSC Père-Philippe-Lamarche

Secondary: Catholic
1.51 km
9-12

South East Year Round Alternative Centre

Secondary: Public
2.14 km
9-12

Blessed Cardinal Newman Catholic School

Secondary: Catholic
1.74 km
9-12

R H King Academy

Secondary: Public
0.96 km
9-12

Cedarbrae Collegiate Institute

Secondary: Public
3.07 km