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$ 2,948,888
Est. payment /mo
Active
1264 Bloor ST W Toronto W02, ON M6H 1N8
5,000 SqFt
UPDATED:
09/09/2024 08:48 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $589
MLS Listing ID W9307273
Annual Tax Amount $20,610
Tax Year 2024
Property Description
Discover A Premier Investment Opportunity At 1264 Bloor St W, A Mixed-Use Gem Offering Substantial Potential And Immediate Returns. This Corner Building Boasts Four Beautifully Renovated Residential Apartments And Three Strategically Positioned Commercial Units, Generating An Impressive Net Operating Income Of Approximately $140,000. With A 4.70% Cap Rate And Below-Market Rents, This Property Presents A Rare Chance To Elevate Your Portfolio With A Turn-Key Investment Poised For Growth. Located In One Of Toronto's Most Dynamic Neighbourhoods, 1264 Bloor St W Is Surrounded By A Thriving Community Rich In Culture And Convenience. The Property Benefits From A Constant Flow Of Both Vehicular And Pedestrian Traffic, Ensuring High Visibility And Steady Business For Commercial Tenants. The Proximity To Multiple Subway Stations And Excellent Transit Options Makes It Highly Accessible, Adding To Its Appeal For Residential Tenants. Blvd Parking Provides Additional Convenience For Both Residents And Customers.The Residential Apartments Have Been Tastefully Renovated Within The Last 12 Years, Offering Modern Amenities That Attract Quality Tenants. With Current Rents Below Market Value, There Is Potential To Increase The NOI, Reaching A 5.65% Cap Rate. This Property Is Ideally Positioned To Capitalize On The Area's Ongoing Growth And Development.An Appealing Building In A Bustling Location, 1264 Bloor St W Offers A Unique Blend Of Stable Income And Future Potential (Including Development Potential), Making It An Ideal Investment For Savvy Investors Looking To Expand Their Portfolio In One Of Toronto's Most Vibrant Areas. Don't Miss Out On This Opportunity To Own A Piece Of Prime Real Estate In A Highly Sought-After Community.
Location
State ON
County Toronto
Community Dovercourt-Wallace Emerson-Junction
Area Toronto
Zoning CR3(c1;r2*1556)
Region Dovercourt-Wallace Emerson-Junction
City Region Dovercourt-Wallace Emerson-Junction
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features No
Listed by ROYAL LEPAGE URBAN REALTY