2282, Islington, Rexdale-Kipling, Toronto, Commercial
- 3414 SQFT
Description
Commercial Store W Apt/Office For Sale.
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*
Community Features: Major Highway, Public Transit
Cross Street: Islington/Rexdale
Key Facts
- Days on: 1 days
- Mls Status: New
- Lot Type: Lot
- Lot Width: 38.89
- Garage Type: None
- Heat Type: Gas Forced Air Closed
- Cooling: No
- Building Area Total: 3414 Square Feet
- Retail Area: 1800 Sq Ft
Location 2282, Islington, Rexdale-Kipling, Toronto
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