Toronto E03 M4B 2E8

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Pets: Pets No

Financials

Price:C5,756,000
($4,181,504)
(€3,532,392)
Annual Taxes:C18,561.50
505 Park Ave, New York, NY 10022

Description

Welcome to Prime Investment property, Great for investors or end users. Lots of potential to Grow, add mutltiple floors with city's permission. This versatile mixed-use property features four 2-bedroom units and two 1-bedroom units (6 Aprtments and 1 huge divisible retail unit with potential to expand) offering strong income potential. TTC bus stops right at the doorstep with direct access to the subway. Commercial and residential zoning allows for flexible use and future development opportunities. a wide-front retail space with zoning that allows for multiple uses ideal for medical offices, professional services, retail businesses, and more. Opportunity to expand the retail space into the north walkway of 428 Dawes (subject to zoning approval). Ten city-registered parking spots at the rear of the building, with capacity to accommodate up to 12 vehicles. The main-floor commercial unit, previously divided into two spaces, includes three 2-piece washrooms and is equipped with gas heating and air conditioning. A spacious 1,957 sq. ft. basement that is high, dry, and clean, featuring two washrooms. It was formerly divided and can be partitioned again if needed. Equipped with seven hot water tanks and nine separate hydro meters for convenience and efficiency. This is a rare chance to own a high-potential property in a sought-after location. Dont miss out!

Amenities

  • Public Transit

Welcome to Prime Investment property, Great for investors or end users.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.