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CAONScarboroughWest Hill4280* Kingston Rd
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4280* Kingston Rd, Scarborough, ON

Real Estate

For Sale

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MLS® E12516392

  • Key Facts
  • Description
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Key Facts

Type Other
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $50,516
Days Active 29
Approx. Age 
MLS® Number E12516392

Property Address: 4280* Kingston Rd, Scarborough, ON, M1E2M8

Average square foot calculated using Size range provided by listing agent.

Description

4280 4288 Kingston Road (the "Property") is a well located retail plaza that features strong rental rate upside in Scarborough - a community experiencing exponential population growth. Comprising 11, 519 sq. Ft. Of GLA, the Property is 100% leased to a complementary mix of tenants that features reasonably low WALT's and in-place net rental rates that are ~20% below market. The retail plaza is divided into 10 units and is fully leased, providing diversity to the underlying cash flow and ongoing upside opportunities. The Property also has a ZBA application for an 11 storey, 147, 466 sq. Ft. Residential development that would provide 225 units to the surrounding neighborhood. 4280-4288 Kingston Road provides a rare opportunity to acquire a diversified open air retail plaza with future value add opportunities through both active management, leasing & long term development upside. The Property is being offered at a 5.50% capitalization rate on in-place income.Show Description
MLS® NumberE12516392
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Destination Address
4280* Kingston Rd, Scarborough, ON

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