1081 St Clair Ave, Toronto, Ontario, M6E 1A8

Description

RARE CORNER MIXED-USE INVESTMENT IN CORSO ITALIA. Solid brick 3-storey building, built in 1994, at St. Clair Ave West and Lauder Ave, steps from the 512 St. Clair streetcar. 16 tenants: 3 street-front retail stores with high ceilings, 8 apartments, plus a lower-level bachelor, and a unit with 4 rooms and shared kitchen and bathroom. All stores and apartments are separately metered for hydro, and tenants pay their own, including electric heat. This keeps owner costs low. Approximately 7,405 sq ft above grade plus a 2,755 sq ft lower level, on a 3,034 sq ft corner lot with rear lane access. 400-amp main service, monitored fire alarm panel and 16-camera security system. Strong income today with clear upside, on one of Toronto's busiest neighbourhood shopping streets. Financial package available to qualified buyers.