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C5820724
$2,199,900

438 Parliament St (Parliament St. & Spruce St.)

Price: $2,199,900

Status: For Sale 

MLS®#: C5820724

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$2,199,900
  • Tax: $20,017/Annual (2022)
  • Community:Cabbagetown-South St. James Town
  • City:Toronto
  • Type:Commercial
  • Style:Commercial/Retail
  • Size: 3,850 Sq Ft
  • Basement:Y

Features:

  • HeatingGas Forced Air Open
  • Sewer/Water SystemsSan+Storm, Municipal

Listing Contracted With: RE/MAX HALLMARK REALTY LTD., BROKERAGE

Description

Excellent Investment Opportunity. Beautiful Versatile Commercial Residential Building In Beautiful Cabbagetown Neighborhood, 4 Units, 3 Commercial, 1 Residential Apt. Separate Hydro 2 Hvac Systems, Approx. 3850 Sqft. For All 4 Levels, 2-4 Parking Spots. Approx. $120K Gross, Est Gross Exp, $35K, Estimated Net Income $85K. Tremendous Upside Zoning Allows Up To 2.5 Story's Or More In The Back Portion Of The Property, Buyer To Verify All Zoning & Income. Main & 2nd Level Level Currently Used For Commercial Businesses, Residential Tenants On 3rd Level.

Highlights

Lower Level Currently Vacant Can Be Used For Potential Recording Studio Or Art Gallery. Desirable Neighborhood, Quick Access To Ttc Streetcars & Buses. Steps To Restaurants, Cafes & Boutique Shops.

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Wafa Masri Jalila Freve

Sales Representatives

RE/MAX Hallmark Realty Ltd., Brokerage

We Sell Toronto

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