Excellent Kingston Rd Exposure-Mixed-Use Cash Flow Asset with Mid-Rise Redevelopment PotentialExecutive SummaryA rare opportunity to acquire a high-yielding, mixed-use property situated along the Kingston Road Corridor-a designated "Avenue" for intensification by the City of Toronto. This "covered land play" features stable commercial and residential income ($200,000+ Gross Annual) with lease expiries strategically aligned for a 2027 redevelopment window.Total Commercial GFA: ~8,675 sq. ft. Residential Component: Detached House (Currently Leased) Current Gross Income: ~$202,800 per annum Zoning: Commercial / Residential (Mixed-Use) Financing: Vendor Take-Back (VTB) interest possible for qualified purchasers.Investment Highlights1. Immediate & Stable Cash FlowThe property is anchored by a flagship showroom and warehouse tenant with a lease through March 2027. The tenant covers all interior maintenance and utilities, significantly reducing landlord "leakage." An additional residential unit provides diversified monthly income ($2,900/mo).2. Significant Redevelopment UpsideLocated within the Kingston Road "Avenue" framework, the site is a prime candidate for mid-rise densification. Recent precedents in the immediate area include successful applications for 10-12 storey mixed-use buildings. The site is perfectly positioned to capture the demand for "Missing Middle" housing and transit-oriented development.3. Operational Excellence & Low CapExThe asset has been meticulously maintained by the current owner-operator, who runs a professional HVAC company. All mechanical systems are in good operating condition, minimizing immediate capital expenditure requirements for the incoming investor. ***By Appointment Only***
Address
12 Old Kingston Road
List Price
$15,000,000
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Toronto E10
Sub-Area
West Hill
Region
Toronto
Bathrooms
2
Lot Depth
351
Lot Type
Lot
Lot Size Units
Feet
Lot Width
101.25
Total Building Area
0.82
Occupant Type
Owner+Tenant
Cross Street
Kingston/Morningside
Approx. Age
31 - 50 Years
MLS® Number
E12942218
Listing Brokerage
HOMELIFE NEW WORLD REALTY INC.
Basement
Yes
Postal Code
M1E 3J5
Posession Details
TBA
Tax Amount
$32,869.82
Tax Year
2025
Site Influences
Public Transit
Community Features
Public Transit
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Open
Cooling
No
Cooling Features
No
UFFI
No
Garage Type
Outside/Surface
Tax Legal Description
Ptl 10 C1 Pl2504
Security Features
Partial
Sewer
Sanitary+Storm