691, The Queensway, Stonegate-Queensway, Toronto, Commercial
- 1161 SQFT
Description
Commercial Commercial Retail For Sale.
Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option. Offering an attractive 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included. Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity!
Cross Street: The Queensway
Key Facts
- Days on: 0 days
- Mls Status: New
- Lot Type: Building
- Parking Spaces: 1
- Garage Type: Underground
- Heat Type: Electric Forced Air
- Cooling: Yes
- Building Area Total: 1161 Square Feet
- Retail Area: 1161 Sq Ft
Location 691, The Queensway, Stonegate-Queensway, Toronto
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