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MLS® W13663208
Rexdale-Kipling, Toronto, ON
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor*
Broker
RE/MAX ROUGE RIVER REALTY LTD.
Neighbourhood
Rexdale-Kipling
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Store W Apt/Office
2282 Islington Avenue Toronto
Rexdale-Kipling
Type
Store W Apt/Office
Parking
None
Property Tax
~$16,621/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
3414 sqft
Parking
None
Finances
List Price
$1,500,000
Price per SQFT
$439/sqft
Property Tax
~$16,621/yr
Property Specs
Property Type
Store W Apt/Office
MLS Size
3414 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Rexdale-Kipling
Listed On
Aug 11, 2026
Major Highway
Public Transit
Days on Market
Current: 88 days
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