Description

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. Also fully leased luxuriously finished 2x 4 Bedrooms (with 2x Baths@) on the third and fourth levels (latter with a terrace). 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 4.5%+ 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.

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