3148 Kingston Rd, Toronto, Ontario M1M 1P4

  • $8,690,000
3148 Kingston Rd, Toronto, Ontario M1M 1P4
Active
3148 Kingston Rd, Toronto, Ontario M1M 1P4
  • $8,690,000

Overview

Property ID: E7241240
  • Commercial Sale, Business
  • Property Type
  • 9078
  • Sqft

Description

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 110,000 sf, 9 storey 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.

  • Address 3148 Kingston Rd
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M1M 1P4

Details

Updated on October 25, 2023 at 11:23 am
  • Property ID: E7241240
  • Price: $8,690,000
  • Property Size: 9078 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: E7241240

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