$4,288,000Asking Price
Great and rare opportunity for a "new" building (totally gutted to the core) at a prime location in the heart of Old Chinatown. Vaulted Ceilings, sky lights, top of the line appliances and fixtures (recessed lit mirrors & defogger).....Fully leased retail @ premium rent with triple A tenants (upscale patisserie & trendy doggie yoga) on the main and lower levels. Luxuriously finished 2x 4 Bedrooms (with 2x Baths@) on the third and fourth levels (latter with a terrace). We left the residences vacant at new owner(s) discretion for possible lucrative short term rentals, university students or owner occupied dwellings. Flushed with natural lighting with CN tower and financial district views. Based on the demand and residential rates in the area, this prime investment opportunity can easily enjoy a full unrivalled 5%+ CAP. Highly visible via Dundas Street Car - close to Spadina and St.Patrick Station. Hop to Art Gallery of Ontario, Ontario College of Arts and Design (OCAD), Condo Towers and Village by the Grange and 52nd Division of Toronto Police Station in minutes. Public Parking a 2 minute walk. Hipness at its finest spilling off from Spadina and Queen West proper. Security cameras are installed. Owners will entertain VTB with substantial deposit/downpayment.
Great and rare opportunity for a "new" building (totally gutted to the core) at a prime location in the heart of Old Chinatown. Vaulted Ceilings, sky lights, top of the line appliances and fixtures (recessed lit mirrors & defogger).....Fully leased retail @ premium rent with triple A tenants (upscale patisserie & trendy doggie yoga) on the main and lower levels. Luxuriously finished 2x 4 Bedrooms (with 2x Baths@) on the third and fourth levels (latter with a terrace). We left the residences vacant at new owner(s) discretion for possible lucrative short term rentals, university students or owner occupied dwellings. Flushed with natural lighting with CN tower and financial district views. Based on the demand and residential rates in the area, this prime investment opportunity can easily enjoy a full unrivalled 5%+ CAP. Highly visible via Dundas Street Car - close to Spadina and St.Patrick Station. Hop to Art Gallery of Ontario, Ontario College of Arts and Design (OCAD), Condo Towers and Village by the Grange and 52nd Division of Toronto Police Station in minutes. Public Parking a 2 minute walk. Hipness at its finest spilling off from Spadina and Queen West proper. Security cameras are installed. Owners will entertain VTB with substantial deposit/downpayment.
See MoreRoom | Floor | Dimensions | Details | |
---|---|---|---|---|
6 4-Piece Bathrooms |
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Chinatown, Toronto is a central Toronto neighbourhood notable for its singles, renters, university grads, business, science, health, education, law & public sector and arts & culture professionals and salespeople. It has a higher than average population of immigrants from China, and Cantonese and Mandarin speakers. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 39.
Kids Per Family
0.7
kids per family
in the neighbourhood.
67%
of residents are
single and loving it.
67% singles
Toronto (50%)
71%
of residents
are renters.
71% renters
Toronto (47%)
64%
of residents are
university grads.
64% university grads
Toronto (48%)Average Household Income
$92K
is the average household
income in the neighbourhood.
Professions
Sales | 15% |
Business | 12% |
Government | 9% |
Culture | 8% |
Sciences | 8% |
41%
of residents were
born outside of Canada.
41% immigrants
Toronto (48%)13.2% from China
All-time
2.5% from China
Recent
Foreign Languages
Cantonese | 11% |
Mandarin | 9% |
French | 2% |
Arabic | 2% |
Chinese | 2% |
Religions
Christian | 31% |
Muslim | 7% |
Jewish | 5% |
Buddhist | 3% |
Hindu | 2% |
Social Housing Buildings
15
Social housing buildings
in the neighbourhood.
Shelters
2
Homeless shelters in
the neighbourhood.