Wednesday, February 20, 2013

SOLD $2'050'000 - 11000 Square Feet 5% Cap Rate

Prime mixed use building in the heart of Riverside/Leslieville. 20 Ft frontage, 3550 Sq Ft retail space, 11000 Sq Ft total. Commercial tenant on main floor with long term lease, 4 sound studios in basement, 4 large residential units on 2nd floor all month to month, currently below market rents, fully occupied. Excellent investment opportunity in growing Queen St East community.
This property sold conditionally in 13 days.