33-35 Kensington Ave & 23 St Andrews St, Toronto, M5T 2J8

Listing Overview

Description

Rare opportunity to acquire a three-building retail and mixed-use assembly on a prime block of Kensington Avenue. The properties span multiple frontages with rear laneway access, offering steady in-place income and strong redevelopment potential on top of existing retail value in a tightly held urban retail corridor. The offering includes approx. 3 retail units and 3 large residential apartments across three contiguous buildings. 25 Kensington Ave features an approx. 1,170 SF retail unit with approx. 917 SF lower level, currently vacant, providing immediate user or leasing potential. The upper level includes an approx. 4-bedroom apartment, leased month-to-month. Approx. GFA:3,737 SF.33 Kensington Ave includes a retail unit with lower level leased to Uncle Vintage, with an approx. 3-bedroom apartment above, leased month-to-month. Approx. GFA: 3,401 SF.35 Kensington Ave includes a retail unit with lower level leased to Grant & Garbo(month-to-month), with an approx. 3-bedroom apartment above, also leased month-to-month. Approx. GFA: 3,719 SF. All leases are flexible, providing strong and steady in-place income with near-term leasing and repositioning upside. The offering also includes a separate land parcel at 23 St. Andrews Street, currently improved with approx. [#] surface parking spaces, leased month-to-month, generating additional income while preserving future development flexibility. The assembly spans multiple retail frontages across a combined land area, creating a rare opportunity to acquire scale with meaningful redevelopment potential in addition to proven retail fundamentals in one of Toronto's most supply-constrained retail markets.

6 days

On Market

Investment

Property Type

$109,280 / Year

Est. Taxes

Retail

Style

-

Business Type

-

Franchise