691 THE QUEENSWAY
Toronto (Stonegate-Queensway), Ontario
MLS® W13804388
$1,099,900
- Status
- Active
- Property type
- Retail
- MLS® number
- W13804388
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 13Listing description
Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option.
Offering an attractive 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included.
Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity!
Property summary
- MLS® number
- W13804388
- Property type
- Retail
- Building type
- Retail
- Square footage
- 1,161 sq ft
- Parking
- 1 space · Underground
- Days on market
- 1 day
Features & details
- Heating
- Forced air
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $1,099,900 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 GOLD REALTY INC., BRAMPTON.
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.