Commercial – 2889 St Clair Avenue, Toronto E03, ON
$1,395,000 CAD
Property Description
Excellent Investment Property. Main Floor used as a Restaurant, 1,000 square feet and TWO 2 Bedroom Apartments upstairs, each at 1,000 square feet with separate entrances. Established main Floor Restaurant on Lease since 2016 and recently renewed a 5 Year Lease. 4 Parking at the Back. CAP Rate, 4% and NOI, $52,182. Restaurant Lease at $2,300 per month, Apartment A at $1,870 per month and Apartment B at $1,336 per month. Call LA to request Leases.
Property Details
Type
Commercial
Location
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Lease Cost Summary
Estimated occupancy costs based on the listed rate.
Listed Rate
$1,395,000 / mo
Monthly Cost
$1,395,000
Annual Cost
$16,740,000
* TMI (taxes, maintenance, insurance) and utilities may be additional. Talk to Maneesh for full lease terms.
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