888 St Clair Ave, Toronto, Ontario, M6C 1C5

Description

Perfect for investors or owner-users in one of Toronto's most vibrant and sought-after midtown corridors. This versatile property features a triple-threat income stream: ground floor commercial space + full basement, leased residential apartment on 2nd floor, and a long-standing automotive mechanic shop at the rear. On a busy corridor like St. Clair Ave W, a dedicated automotive space is a high-demand, recession-resistant revenue stream that appeals to both owner-occupiers and savvy investors. The private, fully functional ancillary automotive shop features a grade-level overhead door and optimized shop floor allowing for two distinct tenancies, maximizing your Cap Rate and diversifying risk. Located in high exposure location with heavy foot traffic driven by nearby new-build luxury condos and TTC 512 streetcar access. Flexible leases provide the ultimate pivoting power - occupy the storefront for your own business or optimize the rent roll as a turnkey investment. Situated on a high-traffic block with excellent signage opportunities to capture both vehicular and pedestrian eyes. Area is shifting to a high-density urban hub with over 3,800 condo units in various stages of development within a 1 KM radius bringing high-earning professionals and young families to the neighbourhood. In addition to street parking along St. Clair, Green P Lot 226 is located just east of the property and 700 St. Clair Ave W Parking (Carpark 240) is another convenient Green P option located nearby. Existing Leases are Month to Month with various owner-occupier opportunities across retail (currently vacant), automotive, and residential units.