3 Claremont Drive
Manor Park - Cardinal Glen and Area, ON
- 5,350 sqft
- Investment
Rarely does a real estate investment property of this caliber become available. 3 Claremont Drive is an exquisitely designed, concrete and steel -constructed three-story building, masterfully built with no expense spared. The property features a dental office on the main floor and four spacious two-bedroom apartments on the second and third floors. Each apartment offers an identical layout of approximately 1,180 square feet and is finished with high-quality materials, including hardwood floors, ceramic tiling, and premium fixtures. Amenities include six appliances (with ensuite laundry), gas fireplaces, central air conditioning, intercom systems, and large balconies. The building provides six underground parking spaces and three tandem surface spaces at grade. The property maintains zero vacancy; the dental practice is on a long-term triple net lease, while residential tenants pay their own heat and hydro. There is significant upside potential for residential rental income. Given the new zoning overlay and the integrity of the pre-engineered concrete and steel superstructure, there may be an opportunity to add additional floors for further rental suites in the future. The current Net Operating Income (NOI) exceeds $156,000, with a clear path to increase this to over $180,000 upon turnover. There is a recent Building Inspection Report, and Appraisal on hand to be shared with qualified prospective buyers. All enquiries welcome.
Listing Details
- Taxes (2025)
- $29,874
- Listed
- March 19, 2026
Price History
Property
- Age
- 16-30
- Lot Size
- 109.5 x 49.96 Feet
Parking
- Garage
- Other
Location & Legal
- Cross Street
- St. Laurent BLVD & Hemlock Road
- Zoning
- MS2[1563]
- Parcel Number
- 042730417
- Possession
- 90+ days
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
- Office / Apartment Area
- 2016 Sq Ft
Community
Postal area K1K
- Population
- 32,046
- Private dwellings
- 15,235
- Median age
- 42.4
- Average household size
- 2.2
- Median household income
- $73,500
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 Manor Park - Cardinal Glen and Area · last 12 months
- Median sold price
- $447,500
- Homes sold
- 170
- Median days on market
- 27
- Sale-to-list price
- 97.7%
Based on 170 recorded sales of commercial properties in Manor Park - Cardinal Glen and Area over the last 12 months.
Listed by
LPT REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 5,350 sq ft
- Price per sq ft
- $671.96
- Annual property tax
- $29,874
- Tax per sq ft
- $5.58
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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