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Mixed-Use

1489 Dundas St. W.

1489 Dundas St W, Toronto, ON M6K 1T6

Listing Price: $2,297,000

Cap Rate
4.70%
Number of Units
4
Occupancy
100.0%
Price/Unit
$574,250
Price/Gross SF
$740.01
Gross SF
3,104

Investment Overview

The property is an impoved 3,100 sq ft mixed-use retail and residential building located adjacent to the corner of Dufferin St. on Dundas St. W. in Little Portugal. There is a 600 sq ft main floor commercial unit, two spacious 3-bedroom residential units, and one 1-bedroom apartment. The residential units were renovated in 2017 and the commercial unit was renovatd in 2022 by the incoming tenant, Issues Magazine Shop which continues to lease the space. The building is fully occupied and leased at market rates on month-to-month terms.

Investment Highlights

  • High visibility and foot traffic location in prime Little Portugal. Close to major transit and highways with easy access to Downtown Toronto and some of the City's best destination neighbourhoods.
  • Spacious apartments in this high-demand area command high market rents. All tenants on month-to-month leases.
  • Prime location for future densification and the property has high potential to be part of a land assembly at the intersection of Dufferin and Dundas.

Exclusively Listed By

Mixed-Use

1489 Dundas St. W.

Listing Price: $2,297,000

Cap Rate
4.70%
Number of Units
4
Occupancy
100.0%
Price/Unit
$574,250
Price/Gross SF
$740.01
Gross SF
3,104

Investment Highlights

  • High visibility and foot traffic location in prime Little Portugal. Close to major transit and highways with easy access to Downtown Toronto and some of the City's best destination neighbourhoods.
  • Spacious apartments in this high-demand area command high market rents. All tenants on month-to-month leases.
  • Prime location for future densification and the property has high potential to be part of a land assembly at the intersection of Dufferin and Dundas.

Investment Overview

The property is an impoved 3,100 sq ft mixed-use retail and residential building located adjacent to the corner of Dufferin St. on Dundas St. W. in Little Portugal. There is a 600 sq ft main floor commercial unit, two spacious 3-bedroom residential units, and one 1-bedroom apartment. The residential units were renovated in 2017 and the commercial unit was renovatd in 2022 by the incoming tenant, Issues Magazine Shop which continues to lease the space. The building is fully occupied and leased at market rates on month-to-month terms.

Exclusively Listed By

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