151 RONCESVALLES AVENUE
Toronto (Roncesvalles), Ontario
MLS® W13129736
$2,600,000
- Status
- Active
- Property type
- Retail
- MLS® number
- W13129736
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 28Listing description
Something special is for sale right in the heart of Roncesvalles! Calling all investors, end-users, and everyone in-between! Here's the opportunity of a lifetime to buy into a completely turnkey 3-storey commercial/residential building in bustling Roncesvalles village.
This is the kind of building that is passed down through family legacies. Boasting 1,141 square feet of fully utilized premium main floor retail space, plus additional space in the basement with good ceiling height. Upstairs find two nearly-1,200 square-foot New York-style apartments that have both been renovated while maintaining lots of their original character and charm thanks to their position in this classic Edwardian-era building.
The main floor is an established business that has been a Roncy staple for nearly 10 years with loyal clientele and local presence. The upstairs residential long-term tenants are stable and easy to work with. This building offers a gross income of over $150K/year, a net income of $131K/year, plus an unbeatable 5 cap rate of return for investors.
Take your investment portfolio to the next level with 151 Roncesvalles Avenue!
Property summary
- MLS® number
- W13129736
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Square footage
- 3,500 sq ft
- Land size
- 19 x 115 FT
- Annual property taxes
- $14,945.00
- Parking
- 3 spaces
- Days on market
- 104 days
Features & details
- Heating
- Forced air, Natural gas, Radiator
- Cooling
- Fully air conditioned
- Appliances
- Washer, Dishwasher, Dryer
What would this home cost you?
Based on the $2,600,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX CONNECT REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.