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Commercial listings / Mixed-use / For sale

2282 Islington Avenue, Toronto, ON M9W 3W8

$1,500,000

2282 Islington Avenue, Toronto, ON M9W 3W8, photo 12282 Islington Avenue, Toronto, ON M9W 3W8, photo 22282 Islington Avenue, Toronto, ON M9W 3W8, photo 32282 Islington Avenue, Toronto, ON M9W 3W8, photo 42282 Islington Avenue, Toronto, ON M9W 3W8, photo 52282 Islington Avenue, Toronto, ON M9W 3W8, photo 6
Property type
Mixed-use (Store W Apt/Office)
Transaction
For sale
Location
Toronto W10, Toronto
Building area
3,414 Square Feet
MLS® number
W13663208

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*

Listing brokerage: RE/MAX ROUGE RIVER REALTY LTD.

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