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    For Sale - 2282 Islington Avenue, Toronto, Ontario

    Est payment $7,203/mo
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    Views   2
    Time on Jump  53 day

    AI Summary *

    • Mixed-use building with ground-floor commercial and residential apartments.
    • Established nail salon lease provides stable, monthly rental income.
    • Prime location near shopping, restaurants, and excellent transit access.
    • Corner visibility enhances commercial tenant's potential.
    • Flexible residential leases allow for future opportunities.




    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*
    Listing IDW13663208
    Address2282 Islington Avenue
    CityToronto, Ontario
    Price$1,500,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Brokerage: RE/MAX ROUGE RIVER REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    2282 Islington Avenue
    Toronto , Ontario
    $1,500,000
    Get more info