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781 St Clair Ave W 10,219 SF 100% Leased Retail Building Toronto, ON M6C 1B4 $8,499,000 CAD ($831.69 CAD/SF)
Executive Summary
Located in the heart of St. Clair West, this is an exceptional opportunity for investors to buy a substantially renovated apartment building featuring 20 residential units and 2 ground floor commercial units. Over $2.7M in capital expenditures have been completed recently with new building mechanicals offering large reductions in utility expenses. A third floor addition with 4 units was completed in 2021 with 10' ceilings and air conditioning. 95% of units have been renovated. Ground floor commercial tenants are on triple net leases with annual escalations providing easy management and additional income. The property is in close proximity to the St. Clair West TTC Station offering exceptional connectivity and tenant appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,219 SF
Building Class
C
Year Built/Renovated
1921/2021
Price
$8,499,000 CAD
Price Per SF
$831.69 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.30
Lot Size
0.10 AC
Zoning
R(d0.6) - Medium-density residential.
Frontage
42’ on St Clair Ave
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 3
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781 St Clair Ave W
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