691 The Queensway Toronto, Ontario M8Y 3A6

$1,099,900

Turnkey Commercial Investment Opportunity in the Heart of Etobicoke! An exceptional opportunity to acquire a tenanted commercial unit in a boutique condominium building, ideally positioned with excellent exposure along The Queensway. Currently occupied by an established Nail & Beauty Spa with a long-term tenant and over 4 years remaining on the existing lease, plus a 5-year renewal option. Offering an attractive 5% cap rate with built-in annual rent escalations of 4%, providing growing income year after year. The tenant pays TMI, including condo fees and property taxes, making this an excellent hands-off investment opportunity. One parking space included. Located along the rapidly evolving Queensway corridor, surrounded by residential developments, established neighbourhoods, businesses, transit and major amenities. An excellent opportunity for investors seeking immediate rental income, long-term stability and future growth potential in Toronto. Don't miss this rare investment opportunity! (id:55460)

Property Details

MLS® Number	W13804388
Property Type	Retail
Neigbourhood	Stonegate-Queensway
Community Name	Stonegate-Queensway
Parking Space Total	1

Building

Age	0 To 5 Years
Cooling Type	Fully Air Conditioned
Heating Type	Forced Air
Size Exterior	1161 Sqft
Size Interior	1,161 Sqft
Type	Retail
Utility Water	Municipal Water

Parking

Underground

Land

Acreage	No
Zoning Description	Commercial (multi Use)

https://www.realtor.ca/real-estate/30301026/691-the-queensway-toronto-stonegate-queensway-stonegate-queensway