About 2282 Islington Avenue
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor*
Features of 2282 Islington Avenue
| MLS® # | W13663208 |
|---|---|
| Price | $1,500,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Store W Apt/Office |
| Status | Active |
Community Information
| Address | 2282 Islington Avenue |
|---|---|
| Area | Toronto |
| Subdivision | Rexdale-Kipling |
| City | Toronto W10 |
| Province | ON |
| Postal Code | M9W 3W8 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Cooling | No |
| Fireplace | No |
Listing Details
| Office | RE/MAX ROUGE RIVER REALTY LTD. |
|---|