Description

Rare opportunity to make 240k annually and acquire a prime income-producing asset on Danforth Avenue offering strong, stable cash flow with redevelopment upside. This building is larger than you think with an addition at the back added years ago for additional rent making it a 3 story building. Fully occupied with quality tenants in place, this property features a ground-floor retail store with a two-bedroom apartment, two spacious legal two-bedroom apartments on the second floor, and one two-bedroom apartment on the third floor. All units are separately metered with tenants paying their own utilities, maximizing net income. Vacant possession is possible, providing flexibility for investors or future redevelopment. Steps to subway and GO Train stations. Located in a high-growth corridor surrounded by existing and planned developments along Danforth Avenue and Dawes Road. Income-producing redevelopment opportunities of this calibre are rarely offered for sale, making this an exceptional investment with immediate cash flow and long-term upside.