FARHANG RAFII
Sales Representative
$2,499,900
Available - For Sale
Listing ID: C13028898
1612 Dundas Street West , Toronto, M6K 1T8, Toronto
| Prominent renovated corner building offering approximately 5936 total sq. ft., with 2488 sq. ft. of commercial space on main, 1885 sq. ft in basement and 1563 sq. ft. of residential space above. This is a strong, hands-off investment opportunity with the potential to rent to two tenants generating over $130,000 annually. The property has been renovated with updated mechanical systems, separately metered, providing peace of mind for long-term ownership. Features a stable, long-term commercial lease in place since 2014, with approximately 8 years remaining on the lease and potential for escalating as of Aug 2027. Tenant pays $7,716 per month, totaling $92,592 annually. The second floor offers vacant possession of a luxurious 3-bedroom, 2-bath apartment, ideal for an owner-occupier or to achieve full market rent and maximize returns. Potential to explore future expansion or redevelopment. |
| Price | $2,499,900 |
| Taxes: | $24024.49 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 1612 Dundas Street West , Toronto, M6K 1T8, Toronto |
| Postal Code: | M6K 1T8 |
| Province/State: | Toronto |
| Legal Description: | PT LT 5 PL 919 CITY WEST AS IN CT760714; |
| Directions/Cross Streets: | Dundas St. W & Dufferin St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Retail |
| Building Percentage: | F |
| Total Area: | 4051.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| ROYAL LEPAGE SUPREME REALTY |
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FARHANG RAFII
Sales Representative
Dir:
647-606-4145
Bus:
905-695-7888
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto C01 |
| Neighbourhood: | Little Portugal |
| Tax: | $24,024.49 |
| Fireplace: | N |
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