Listing Price: $1,589,000
964 Kingston Road
Property [Details]
Property Type
Commercial/Residential
Community
East End-Danforth
Lot Size
18.37 x 95.08 Feet
Taxes/Year
$13,217.52
Property [Description]
Upper Beach Investment Property with Income Potential
This Upper Beach investment property offers a rare opportunity to own a renovated, mixed-use building in a high-traffic location. It’s ideal for investors, business owners, or anyone seeking both commercial and residential income.
Renovated Retail Space in a Prime Location
The main floor features 1,628 square feet of updated retail space. In addition, the smart layout allows for multiple business uses. Newer windows, entry doors, flooring, and electrical updates make the space move-in ready.
Meanwhile, large street-facing windows provide excellent visibility. The storefront is located on the busiest stretch of Kingston Road—surrounded by high-end retailers, cafés, and banks.
Bonus Basement for Flexibility
Below the retail space, you’ll find a spacious 1,395 square foot basement. It’s perfect for storage, office use, or added workspace. As a result, tenants or business owners can maximize the property’s full potential.
Spacious Two-Bedroom Apartment with Deck
Upstairs, a well-maintained two-bedroom apartment spans 1,214 square feet. Furthermore, it includes a generous four-piece bathroom and a massive 340 square foot private deck. This added outdoor space boosts livability and rental appeal.
Exceptional Foot Traffic and Accessibility
This Upper Beach investment property sits in a thriving commercial corridor. Although parking is limited in many urban areas, this property benefits from both on-street and nearby side street options.
Additionally, the high pedestrian and vehicle traffic makes this location perfect for businesses looking to grow their visibility.
Strong Returns and Long-Term Value
With a cap rate close to 5%, this property offers strong returns in a stable area. Altogether, the combination of renovated commercial space, solid residential income, and a vibrant neighbourhood makes this a smart long-term investment.