31 Elm St

Investment | 0   | 5    | 4   | 0 sqft

$7,750,000

Bay Street Corridor,Toronto,Ontario, M5G 1H1

31 Elm St, Toronto Investment Photos

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Property Info
MLS®: C8222992
Style of House: other
Bedrooms: 0
Bathrooms: 5
Last Updated: 2024-04-10
List Price: $7,750,000
Strata Fee: $0.00
Floor Area: 0 sq. ft
Unit Price: $7,750,000/sq. ft
Lot Size: 2340.00
Basement: Y
Tax Amount $23,254/Year
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Description

Introducing an exceptional investment opportunity in downtown Toronto - a rare, fully renovated commercial/residential building just steps from Dundas Square, at Yonge and Dundas. Offering 8.33% Cap Rate with 6,400 square feet across 4 levels, this versatile space is suitable for a range of uses including restaurants, schools, hotels, and more. Featuring first-class renovations while preserving its heritage facade, the property offers CR zoning for flexibility. Amenities include 4 parking spaces at the rear, street parking in front, and proximity to major landmarks and transit hubs. Vacant and ready for quick occupancy, this property presents a prime investment in one of Canada's most vibrant districts. Main Floor and Basement (3,200 SF) are leased to a reputable brand-name food retail establishment for 10 years. Top 2 floors (3,200 SF) are available for multiple uses by the purchaser with existing newly built state-of-the-art office suites.

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