4280 Kingston RD new Save Request In-Person Tour Request Virtual Tour
Toronto E10,ON M1E 2M8
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 147,465 sqft
Price per Sqft $66
Subdivision West Hill
MLS Listing ID E12516420
Annual Tax Amount $50,515
Tax Year 2025
Property Sub-Type Land
Property Description
4280 4288 Kingston Road (the "Property") is a well located retail plaza that features strong rental rate upside in Scarborough - a community experiencing exponential population growth. Comprising 11,519 sq. ft. of GLA, the Property is 100% leased to a complementary mix of tenants that features reasonably low WALT's and in-place net rental rates that are ~20% below market. The retail plaza is divided into 10 units and is fully leased, providing diversity to the underlying cash flow and ongoing upside opportunities. The Property also has a ZBA application for an 11 storey, 147,466 sq. ft. residential development that would provide 225 units to the surrounding neighborhood. 4280-4288 Kingston Road provides a rare opportunity to acquire a diversified open air retail plaza with future value add opportunities through both active management, leasing & long term development upside. The Property is being offered at a 5.50% capitalization rate on in-place income.
Location
Province ON
County Toronto
Community West Hill
Area Toronto
Zoning Commercial
Exterior
Utilities Available Yes