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1248 St Clair Ave W

3,108 SF 100% Leased Retail Building Toronto, ON M6E 1B7 £1,345,855 (£433/SF) 4.54% Net Initial Yield

Investment Highlights

  • Great Curb Appeal with a Recent Face Lift
  • Vibrant Stretch of St Clair Ave W & Via Italia
  • Both first floor & basement built out to the property line

Executive Summary

Solid turn-key investment - a well-maintained and fully leased two-storey mixed-use building on bustling St Clair Ave West. Both first floor & basement have high ceilings and are built out to the property line, maximizing rentable square footage. Located on the north sunny side of the street, the building boasts great curb appeal thanks to a recent façade facelift. The second floor includes a three-bedroom apartment, while the main floor is occupied by a popular restaurant commercial tenant, both paying close to market rents. The main floor offers a wide-open commercial space spanning approximately 2,000 SF. Situated on a vibrant stretch of St. Clair Avenue West with many recent and upcoming developments in the pipeline. The building is conveniently located on the 512 TTC streetcar line and there is a covered Green P parking lot across the street.
Please see below link for further information and pictures:
https://sites.genesisvue.com/1248stclairavew

Attachments

Brochure

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,108 SF
Building Class
C
Year Built
1932
Price
£1,345,855
Price Per SF
£433
Net Initial Yield
4.54%
NOI
£61,102
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
12 ft
Building FAR
1.43
Land Acres
0.05 AC
Zoning
CR
Frontage
20 ft on St Clair Ave
Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (78)
Bike Score ®
Very Bikeable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

National Bank of Canada
Scotiabank
Crossfit Inc
Tim Hortons
Osmow's
CIBC
TD Canada Trust
Royal Bank of Canada
No Frills
LA Fitness
  • Listing ID: 31960773

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: 1248 St Clair Ave W, Toronto, ON M6E 1B7

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