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.
| Price: | $8,690,000 |
| Address: | 3148 Kingston Rd |
| City: | Toronto |
| County: | Toronto |
| State: | Ontario |
| Zip Code: | M1M 1P4 |
| MLS: | E7241240 |
| Square Feet: | 9,078 |
