Message Number426773
statusActive
Subject LineScarborough West Hill. Plaza for Sale. $8,295,000. 11,432sf. $473k NOI + 5% projected for 2025 NOI. Development application for 109,189 GFA.
Business area
Canada
Ontario
Greater Toronto area
Scarborough
Location, CityScarborough West Hill
Have/WantHave
Business categoryShopping Centres/Strip Plazas/Retail
Commercial Buildings/Hotels/Motels
Subdivision Potential/Condo Sites/Townhouse Sites/Building Lots
Apartment buildings/multi unit/condo townhouse projects/investments
Net Leased Investment
Date of ListingJune 21 2024
Type DescriptionRetail plaza for sale
Location4280-4288 Kingston Rd
Price$8,295,000.00
Size11,432 square feet
Building area11432
Site area30,612 square feet (0.703 acre)
ZoningCommercial
Cap Rate5.7%
CommentsIncome producing Retail Plaza with annual NOI of $473k based on current monthly base rents. NOI for 2025 projected to increase by 5% based on lease escalations. Application for Redevelopment submitted for 9-storey mixed-use building with 148 residential units and GFA of 109,189 square feet including 4,639 square feet of commercial use. Assembly Opportunity possible with adjacent properties. Recent improvements to property include increased lighting, new sign boxes above each unit, and update to building fa�ade. High traffic along 6-lane Kingston Rd. Highly visibility to passing traffic. Public transit and close Proximity To Guildwood & Eglinton Go Stations.
Internet Links
Member Identifier312
Client DetailsUser/Manager
Redeveloper/Rehaber
Clients ObjectiveTaking profit
Recognize Value
Broker's Recommendation1.75% to co-op broker
ControlMLS
NameItamar Teich, B.Eng.,MBA
TitleSales Representative
Company NameSutton Group-Admiral Realty Inc., Brokerage
Address Line One1206 Centre Street
CityThornhill
State/ProvinceOntario
Zip/Postal CodeL4J 3M9
CountryCanada
Business Phone Number(416)739-7200
Cell Number(416)823-8735
FAX Number(416)739-9367
Email AddressSend Email
Home PageHome Page

For The Public, buyers and sellers.

For Real Estate Brokers and Salespeople

Global Real Estate Networking Provided By The ICIWorld Association of Real Estate Brokers and Salespeople. Established 1994.
Mailing Address: 18 King St. E., Suite 1400, Toronto, Ontario M5C 1C4
Canada 416-777-2633. Orlando, Florida, USA 954-317-2327

See over $1 Billion in sales.