453 Dundas Street W Toronto, Ontario M5J 2Y5

$4,288,000

Great and rare opportunity for a "new" building (totally gutted to the core) at a prime location in the heart of Old Chinatown. Vaulted Ceilings, sky lights, top of the line appliances and fixtures (recessed lit mirrors & defogger).....Fully leased retail @ premium rent with triple A tenants (upscale patisserie & trendy doggie yoga) on the main and lower levels. Luxuriously finished 2x 4 Bedrooms (with 2x Baths@) on the third and fourth levels (latter with a terrace). We left the residences vacant at new owner(s) discretion for possible lucrative short term rentals, university students or owner occupied dwellings. Flushed with natural lighting with CN tower and financial district views. Based on the demand and residential rates in the area, this prime investment opportunity can easily enjoy a full unrivalled 5%+ CAP. Highly visible via Dundas Street Car - close to Spadina and St.Patrick Station. Hop to Art Gallery of Ontario, Ontario College of Arts and Design (OCAD), Condo Towers and Village by the Grange and 52nd Division of Toronto Police Station in minutes. Public Parking a 2 minute walk. Hipness at its finest spilling off from Spadina and Queen West proper. Security cameras are installed. Owners will entertain VTB with substantial deposit/downpayment. (id:61215)

Property Details

MLS® Number	C12312553
Property Type	Single Family
Neigbourhood	Spadina—Fort York
Community Name	Kensington-Chinatown
Community Features	Pet Restrictions
Equipment Type	None
Features	Flat Site, Balcony, Carpet Free
Rental Equipment Type	None

Building

Bathroom Total	6
Bedrooms Above Ground	8
Bedrooms Total	8
Amenities	Separate Electricity Meters
Appliances	Range, Water Heater, Water Meter
Basement Development	Finished
Basement Features	Walk Out
Basement Type	N/a (finished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning, Air Exchanger, Ventilation System
Exterior Finish	Brick, Concrete Block
Fire Protection	Smoke Detectors
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	3
Size Interior	3,500 - 3,749 Ft2
Type	House

Parking

No Garage

Land

Acreage	No
Zoning Description	Cr3

https://www.realtor.ca/real-estate/28664517/453-dundas-street-w-toronto-kensington-chinatown-kensington-chinatown