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1048 Kingston Rd 3,741 SF 100% Leased Retail Building Toronto, ON M4E 1T4 $2,700,000 CAD ($721.73 CAD/SF) 6% Cap Rate



Investment Highlights
- Highly visible location with convenient access to major transportation routes.
- Close proximity to residential neighborhoods and employment centers.
- Positioned in a growing commercial corridor with strong traffic counts.
Executive Summary
Colliers International (the “Agent”) is pleased to present the opportunity to acquire 1048 Kingston Road (the “Property” or the “Building”), a newly developed 3,741 square foot, 3-storey mixed-use retail and residential building with 20 feet of street-front exposure along one of the Beaches’ most active retail nodes. The building is currently 100% leased, offering investors immediate, predictable cash flow with rental upside, as in-place rents are below market benchmarks. The Property comprises 1,383 square feet of ground-floor retail space and two self-contained apartment units. The residential component includes an 884 square foot bachelor suite on the second floor and a 1,474 square foot two-bedroom suite spanning the second and third floors, each with a separate entrance.
The retail unit benefits from strong visibility and exposure along Kingston Road, one of the Beaches’ primary commercial corridors, while the residential suites offer above-average unit sizes compared to most residential units located above street-level retail, supporting strong tenant appeal and retention. The Property’s tenancy profile supports strong, reliable income today, with embedded growth potential tied to Kingston Road’s ongoing reinvestment and transformation into a major mixed-use corridor.
The retail unit benefits from strong visibility and exposure along Kingston Road, one of the Beaches’ primary commercial corridors, while the residential suites offer above-average unit sizes compared to most residential units located above street-level retail, supporting strong tenant appeal and retention. The Property’s tenancy profile supports strong, reliable income today, with embedded growth potential tied to Kingston Road’s ongoing reinvestment and transformation into a major mixed-use corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,741 SF
Building Class
B
Year Built
1926
Price
$2,700,000 CAD
Price Per SF
$721.73 CAD
Cap Rate
6%
NOI
$162,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.15
Lot Size
0.04 AC
Zoning
CR2.0 - Commercial residential
Frontage
31’ on Kingston Rd
Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 7
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1048 Kingston Rd
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