2282 ISLINGTON AVENUE
Toronto (Rexdale-Kipling), Ontario
MLS® W13663208
$1,500,000
- Status
- Active
- Property type
- Retail
- MLS® number
- W13663208
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 44Listing description
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd.
Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq.
ft. , two separate 2-bedroom residential apartments 1,614 sq. ft.
combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.
78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027.
Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497. 36 (commercial $53,097.
36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity.
Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant.
LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available.
*Do not attend property without a booking made/confirmed by a Realtor*
Property summary
- MLS® number
- W13663208
- Property type
- Retail
- Building type
- Residential Commercial Mix
- Size
- 3,414 sq ft
- Land size
- 38.89 x 173 FT
- Annual property taxes
- $16,621.00
- Days on market
- 65 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
What would this home cost you?
Based on the $1,500,000 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 RE/MAX ROUGE RIVER REALTY LTD., 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.