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1111 College St 2,147 SF 100% Leased Retail Building Toronto, ON M6H 1B4 $2,590,000 CAD ($1,206.33 CAD/SF) 5.63% Cap Rate

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Investment Highlights

Two commercial units and two residential suites above.
Four skylights and a roof replaced in 2017.

Two parking spaces, including a detached garage.

Executive Summary

Renovated three-storey mixed-use corner at College Street and Dufferin Street, delivered 100% vacant. The building holds four units across approximately 4,022 SF of leasable area – two commercial spaces at and below grade and two residential suites above, with roughly 2,982 SF above grade on a 22.9 by 80 ft lot. Two parking spaces including a detached garage facing Dufferin Street, 400 AMP service, four skylights and a roof replaced in 2017. Interiors are renovated with exposed natural brick alongside modern finishes. Vacant possession lets a buyer set rents, occupy space directly or reposition the building without inheriting a rent roll. On a fully stabilized basis the property projects $145,728 net operating income and a 5.63% cap rate at list price. The 506 College streetcar and 29 Dufferin bus stop at the corner and Dufferin Station is 900 m north. Offering memorandum available.