About 2693-2697 Eglinton Avenue East

The property is an excellent investment opportunity yielding high gross rents, minimal expenses and room for increases. The Net Operating Income (NOI) is $146,060 representing a 6.64% Cap Rate at ask and a Pro Forma of a 7.29% Cap Rate. This is a rare opportunity to purchase a well maintained and recently renovated premises including two retail spaces and a restaurant, with eight apartments. The restaurant is licensed to sell liquor and is finished with slate flooring, granite table-tops and bar area; also featuring a stage and rear patio. The property is part of a larger plaza and is next door to a Beer Store drawing in heavy foot-traffic and maximum exposure along Eglinton Avenue East, and the intersection of Brimley Road and Danforth Road.
  • Dedicated parking
  • Transit friendly
  • Property Type Retail
  • Zoning CC
  • Status Existing
  • Sale Price $2,200,000
  • Net Operating Income $146,060
  • Total Available Space 8,930 SF
  • Direct Available Space 0 SF
  • Sublet Available Space 0 SF
  • Min Divisible 0 SF
  • Max Contiguous 0 SF
  • Building Size 8,930 SF
  • Year Built 1957
  • Year Renovated 2014

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