3038-3042 Dundas Street W, Toronto, ON M6P 1Z3

Property Description

JUNCTION TROPHY ASSET! 11-unit, 3-storey brick mixed-use building on 45 ft of prime Dundas St W frontage in the heart of The Junction. 3 street-level retail units (salon, chocolatier & café) each with basement space, plus 8 apartments (3 x 2-bed, 3 x 1-bed, 2 studios). Approx. $321,900 gross rents and approx. $241,000 NOI (pro forma). Fully separately metered hydro; tenants pay their own. Upside on turnover with several suites below market. 7,306 sq ft GFA on a 45 x 105 ft lot zoned CR 2.5: built to approx. 1.56 FSI vs 2.5 permitted. Rear lane access & on-site parking. Hold, add value or plan ahead. Steps to cafés, breweries & boutiques, TTC 40 at your door, minutes to the Stockyards, High Park & Line 2. Next-door corner sold at $538/sq ft. Receivership sale.