Message Number	424622
status	Active
Subject Line	SOLD CONDITIONALLY. Scarborough West Hill. Plaza for Sale. $8,888,888. 11,432sf. $460k NOI + 5% projected for 2025 NOI. Development application for 109,189 GFA.
Business area	Canada Ontario Greater Toronto area Scarborough
Location, City	Scarborough West Hill
Have/Want	Have
Business category	Shopping Centres/Strip Plazas/Retail Commercial Buildings/Hotels/Motels Subdivision Potential/Condo Sites/Townhouse Sites/Building Lots Apartment buildings/multi unit/condo townhouse projects/investments Net Leased Investment
Date of Listing	March 27 2024
Type Description	Retail plaza for sale
Location	4280-90 Kingston Rd
Price	$8,888,888.00
Size	11,432 square feet
Building area	11432
Site area	30,612 square feet (0.703 acre)
Zoning	Commercial
Cap Rate	5.2%
Comments	Income producing Retail Plaza with annual NOI of $460k based on current monthly base rents. NOI for 2025 projected to increase by 5% based on lease escalations. Application for Redevelopment submitted for 9-storey mixed-use building with 148 residential units and GFA of 109,189 square feet including 4,639 square feet of commercial use. Assembly Opportunity possible with adjacent properties. Recent improvements to property include increased lighting, new sign boxes above each unit, and update to building façade. High traffic along 6-lane Kingston Rd. Highly visibility to passing traffic. Public transit and close Proximity To Guildwood & Eglinton Go Stations.
Internet Links
Client Details	User/Manager Redeveloper/Rehaber
Clients Objective	Taking profit Recognize Value
Broker's Recommendation	1.75% to co-op broker
Control	MLS
Name	Itamar Teich, B.Eng.,MBA
Title	Sales Representative
Company Name	Sutton Group-Admiral Realty Inc., Brokerage
Address Line One	1206 Centre Street
City	Thornhill
State/Province	Ontario
Zip/Postal Code	L4J 3M9
Country	Canada
Business Phone Number	(416)739-7200
Cell Number	(416)823-8735
FAX Number	(416)739-9367
Email Address	Send Email
Home Page	Home Page