Prime Mixed-Use Investment & Development Opportunity in the Heart of Roncesvalles Village.Exceptional opportunity to acquire a landmark mixed-use building at 2261-2263 Dundas Street West, offering strong in-place income, significant upside potential, and future redevelopment opportunities in one of Toronto's most vibrant and sought-after neighbourhoods.The property features approximately 4,000 sq. ft. of street-level retail space plus a fully finished lower level complete with walk-in industrial freezer, storage areas, men's and women's washrooms, updated HVAC systems, and sprinkler infrastructure. Hundreds of thousands of dollars have been invested in building improvements, creating a turnkey opportunity for investors or owner-operators.Above the commercial space are two well-maintained 2-bedroom residential apartments, both occupied by long-term tenants and generating over $5,000 per month in rental income. The vacant retail component presents an excellent opportunity for owner occupancy or lease-up, with estimated rental potential of approximately $8,000-$10,000 per month, creating substantial income growth potential.Situated on a prominent stretch of Dundas Street West, the property benefits from exceptional visibility, strong pedestrian traffic, and proximity to transit, restaurants, cafés, and neighbourhood amenities. For developers, the site offers compelling long-term value with potential for redevelopment into a 6-storey mixed-use residential building with ground-floor retail, subject to buyer due diligence and municipal approvals.A rare opportunity to secure a high-exposure asset with immediate income, future leasing upside, and redevelopment potential in one of Toronto's strongest urban markets. (id:66096)
Property Details
MLS®
W13414556
Property Type
Retail
Business Type
Service
Zoning
Commercial Residential
Interior Size
5,285 ft²
Lot Size
46 × 115 ft (5,308 sq ft)
Frontage
46 ft
Heating
Forced air
Cooling
Fully air conditioned
Property Tax
$43,325/yr
Listed
149 days ago
Features
Appliances
Window Coverings
Services
Water
Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
149d
Toronto (Roncesvalles) listings, avg age
45d
Price / ft²
$492
List price
$2.60M
Long Listed: 149 days on market, against an average age of 45 days across the listings currently for sale in this city
Market timing · days on market0 → 45d avg age of current listings
Long Listed · day 149
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
Haho
This retail in Toronto (Roncesvalles) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by CORCORAN HORIZON REALTY · ELIAS BEN KHELIFA
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (M6R)
This home lists at $2,599,900, about 25.0× the local median household income of $104,000.
Carrying it typically needs a household income of about $507,851 (20% down, 25-yr amortization, stress-tested) — roughly 388% above the area median.
Median household income
$104,000
Population
19,349
Median age
39.2
Owner / renter
51% / 49%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA M6R)
$2,599,900· $492/ft²
For sale
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Financing
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