+1 more
$1,199,000
959 Albion
2
Bathrooms
1,100 sqft
Building Area
About This Property
This 2-bathroom store w apt/office in Toronto offers 1,100 sqft of building area. The property has lot dimensions of 0.00 x 0.00 Feet, cross street Islington And Albion, zoned Commercial. The home features yes.
MLS Remarks
Excellent opportunity to acquire a rare freehold mixed-use Store With Apartment/Office in a high-visibility Albion Rd & Islington Ave plaza location within Thistletown-Beaumonde Heights. This well-located property offers approximately 1,906 sq ft of total space, featuring a leased ground-floor retail unit and a tenanted upper residential apartment, providing stable income with long-term upside.The ground-floor retail unit is currently leased at $3,000 per month, with the tenant responsible for utilities, under a 5-year lease plus a 5-year renewal option, offering secure and predictable income. The property benefits from a strong history of long-term commercial occupancy, previously leased to WIND Mobile and later a barber shop for approximately 7 years, demonstrating suitability for a wide range of service-oriented and retail uses.The upper residential apartment consists of 2 bedrooms and 1 washroom, with a functional layout including living area, dining/family space, and an open balcony. The unit is currently tenanted, providing additional steady income.Property includes 1 garage parking space and 4 outdoor parking spaces, ideal for both commercial and residential use.Low monthly plaza maintenance fee of approximately $200 includes garbage collection, snow removal, hydro for the owner/garage portion, and minor maintenance. Tenants pay their own utilities.Located within a well-established plaza surrounded by diverse businesses including retail, professional offices, and restaurants, generating consistent foot traffic.A rare opportunity to secure a freehold, income-generating mixed-use asset with long-term lease stability and strong future value in a growing west Toronto corridor.
Inclusions
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