3148 Kingston Rd, Toronto, Ontario M1M 1P4

  • $8,690,000
3148 Kingston Rd, Toronto, Ontario M1M 1P4
Active
3148 Kingston Rd, Toronto, Ontario M1M 1P4
3148 Kingston Rd, Toronto, Ontario M1M 1P4
  • $8,690,000

Overview

Property ID: E7241240
  • Business
  • Property Type
  • 9078
  • Sqft
  • Address 3148 Kingston Rd
  • City Toronto
  • State/county Ontario
  • Zip/Postal Code M1M 1P4
  • Area Cliffcrest

Description

Welcome to a rare and exceptional investment opportunity in one of Scarborough’s most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 110,000 sf, 9 storey mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in value.

Details

Updated on October 25, 2023 at 11:23 am
  • Property ID: E7241240
  • Price: $8,690,000
  • Property Size: 9078 Sqft
  • Garage Size: x x
  • Property Type: Business
  • Property Status: Active

360° Virtual Tour

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Similar Listings

Real Estate Finder Ontario - Blue Icon with white house

Ontario Cities

The Toronto Regional Real Estate Board (TRREB) holds the copyright for the listing data provided herein. This information is intended solely for consumers who have a genuine interest in purchasing real estate and may not be used for any commercial or other purposes. While the data is considered reliable, neither the Toronto Regional Real Estate Board nor Real Estate Finder Ontario can guarantee its accuracy.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

Owned by Jason Macdermid RE/MAX Rouge River Realty Ltd.

Compare listings

Compare
Jason Macdermid
  • Jason Macdermid