MLS listing description:
“Trendy Dupont Strip. Rare Find! Renovated 1181Sf Show Room+ Charming Spacious Apartment. Stunning Designers’ Own Storefront (Owner Occupied). Modern Interiors & Finishes. Open Concept. Tall Ceilings. Generous 2030Sf Footprint+910Sf Basement. Perfect For Variety Of Owner-Operated Businesses Or Invest In An Up-And-Coming Upscale Retail Stretch. 2nd Flr (Presently Vacant) Renovated 2Br 849Sf Apartment With Rooftop Oasis. High Traffic Aaa Location. Ttc At Door.”
Pros & cons about this property:
This is a rarely offered retail and apartment property on a main street with an established residential neighbourhood to the south and on a stretch of Dupont Street that is seeing lots of improvement and development, with a few condo developments coming up just down the street. Such commercial properties in the city are often old and in need of a lot of work, but all the work is already done here to a very nice level, thanks to the seller who operates the retail space as an upscale house ware store.
There is no backyard or parking as the lot is only 63 feet deep, however the upstairs apartment features a big south-facing rooftop deck.
A Loblaws with ample parking is located across the street and a Starbucks is just four doors away, which provides good retail exposure.
My final thoughts:
This is a very nice property for those wanting to run their own business while living upstairs. As this is a commercially-zoned property, taxes are over $11,000/year, so this is not property for everyone and definitely not for the novice investor.
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