12 Old Kingston Road
Toronto E10, ON
- 2 bath
- 0.82 sqft
- Commercial Retail
- 165 days on market
Excellent Kingston Rd Exposure-Mixed-Use Cash Flow Asset with Mid-Rise Redevelopment PotentialExecutive SummaryA rare opportunity to acquire a high-yielding, mixed-use property situated along the Kingston Road Corridor-a designated "Avenue" for intensification by the City of Toronto. This "covered land play" features stable commercial and residential income ($200,000+ Gross Annual) with lease expiries strategically aligned for a 2027 redevelopment window.Total Commercial GFA: ~8,675 sq. ft. Residential Component: Detached House (Currently Leased) Current Gross Income: ~$202,800 per annum Zoning: Commercial / Residential (Mixed-Use) Financing: Vendor Take-Back (VTB) interest possible for qualified purchasers.Investment Highlights1. Immediate & Stable Cash FlowThe property is anchored by a flagship showroom and warehouse tenant with a lease through March 2027. The tenant covers all interior maintenance and utilities, significantly reducing landlord "leakage." An additional residential unit provides diversified monthly income ($2,900/mo).2. Significant Redevelopment UpsideLocated within the Kingston Road "Avenue" framework, the site is a prime candidate for mid-rise densification. Recent precedents in the immediate area include successful applications for 10-12 storey mixed-use buildings. The site is perfectly positioned to capture the demand for "Missing Middle" housing and transit-oriented development.3. Operational Excellence & Low CapExThe asset has been meticulously maintained by the current owner-operator, who runs a professional HVAC company. All mechanical systems are in good operating condition, minimizing immediate capital expenditure requirements for the incoming investor. ***By Appointment Only***
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Listing Details
- Taxes (2025)
- $32,870
- Originally Listed
- $15,000,000
- Listed
- March 31, 2026
Price History
Property
- Age
- 31-50
- Lot Size
- 101.25 x 351 Feet
Parking
- Garage
- Outside/Surface
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Kingston/Morningside
- Zoning
- Hc
- Possession
- Flexible
- Occupancy
- Owner+Tenant
Community
Postal area M1E
- Population
- 48,033
- Private dwellings
- 18,085
- Median age
- 41.2
- Average household size
- 2.8
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto E10 · last 12 months
- Median sold price
- $900,000
- Homes sold
- 420
- Median days on market
- 18
- Sale-to-list price
- 98.8%
Based on 420 recorded sales of commercial properties in Toronto E10 over the last 12 months.
Listed by
HOMELIFE NEW WORLD REALTY INC.
Walk Score
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Location
Street View
Commercial figures
- Annual property tax
- $32,870
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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