684 COLLEGE STREET, Toronto (Palmerston-Little Italy), Ontario, M6G1C1

Property Description

Little Italy 3 Storey Mixed Use Building For Sale. 1 Commercial Ground Floor Unit + 3 Residential Units. Building Will Be Completely Vacant On Closing. Dream Opportunity To Start Your Own Business Or Rent Our Entire Building At Market Rents. Previous Rental Rates For Units Are As Follows: Main Floor Commercial Unit $3900/mth Gross Lease, Rear One Bedroom $1900/mth, 2nd Flr 2 Bedroom $2800/mth, 3rd Flr 2 Bedroom $2800/mth. All Units Plus Hydro W/ Sep Meters. 5 Hydro Meters In Total. Potential Annual Income $136,800 "As Is". Opportunity For Value-Add Investor To Increase Income With Some Cosmetic Renovations. 1 Parking Spot In Rear Garage. Bsmt With Separate Entrance Also Has Potential For Additional Unit. Mechanically The Building Is Well Updated With No Major Cap-Ex Necessary. Positioned Along One Of The Most Desirable Sections Of College Street, This Building Sits In The Middle Of Toronto's Vibrant Little Italy District. The Area Is Known For Its Popular Eateries, Specialty Retailers, Local Markets, And Lively Coffee Spots That Draw Constant Foot Traffic. Convenient Streetcar Service Directly Outside The Property Makes Commuting Easy For Both Visitors And Occupants. Whether The Goal Is To Secure Dependable Rental Revenue, Create A Combined Residential And Workspace Environment, Or Simply Hold A Valuable Asset For The Future, The Property Offers Significant Flexibility. This Is A Rare Chance To Acquire A Versatile Investment In One Of Downtown Toronto's Most Dynamic And Sought-After Neighbourhoods. (id:64974)

Quick Facts

• Property Type: Residential Commercial Mix
• Bedrooms: None
• Bathrooms: 4
• Living Area: 3,300 sq ft (306.6 m²)
• Frontage: 24 ft (7.2 m)

Costs

• Annual Taxes: $17,500.00

Listing Provided by: RE/MAX WEST REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.