Property overview
A residence that redefines rexdale-kipling livingMIXED-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 $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor*
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GalleryFinancing
Mortgage CalculatorC$ 300,000
Estimated monthly payment
C$ 7,191
Estimate only. Verify with a qualified broker.
Verified platform reviews
Google reviews4.9
124 reviews · Google
Pavel was extraordinary from first contact to transfer. He understood exactly what we were looking for and never once…
Read moreCalm, sharp and endlessly patient. He never once pushed us into a decision we were not ready for. Highly recommend.
Read moreSold above asking in a soft market. Staging advice alone paid for itself several times over. Deeply professional.
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