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Listing details For 297 Old Kingston Rd Show navigationShow navigation

297 Old Kingston Rd (Kingston And Military Trail)

  • Price: $2,249,000 
  • Status: Commercial for Pending  
  • MLS#: E4322085
  • $2,249,000 Calculator
  • Tax: $14,029.74/Annual (2018)
  •  
    • Community: Centennial Scarborough
    • City: Toronto
  • Investment Type
  •  5074 SqFt
  • Y Basement
  • HeatingGas Hot Water
  • Sewer/Water SystemsMunicipal
  • Extra FeaturesStorage
Listing Contracted With: RE/MAX HALLMARK REALTY LTD., BROKERAGE

Description

Excellent Investment Opportunity. Corner Freestanding Property In Very Good Condition. Over 5000 Sq Ft + Finished Lower Level. Long Term Lease In Place: Main & Lower Level To Montessori School With 3 1/2 Years Remaining ($7,000 / Mo Goes To $8,000 / Month May 1, 2019 With Two 5 Year Options At Market Rate. Upper Level 2 Renovated 2 Bedroom Apartments At $1475 / Mo Each Net. Collect Excellent Rent While You Wait For Future Development Opportunities.

Highlights

Cap Rate Of 4.43% Rises To 5% May 1, 2019. 17 Parking Spots In Front Plus More On Rear Ramp.

Agent Photo

Larry Li

Sales Representative


Monthly Payment Estimator

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% ($50,000 down)


Mortgage Amount: $

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Est. Monthly Payment: $

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Agent Photo

Larry Li

Sales Representative

Royal LePage Signature Realty Inc., Brokerage
30 Eglinton Avenue West, Suite 201 Mississauga, Ontario, Canada L5R 3E7

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