4280-4288 Kingston Road, Toronto E10, ON M1E 2M8, Toronto E10, ON
147465.0 sqft
4280 4288 Kingston Road (the "Property") is a well located retail plaza that features strong rental rate upside in Scarborough - a community experiencing exponential population growth. Comprising 11,519 sq. ft. of GLA, the Property is 100% leased to a complementary mix of tenants that features reasonably low WALT's and in-place net rental rates that are ~20% below market. The retail plaza is divided into 10 units and is fully leased, providing diversity to the underlying cash flow and ongoing upside opportunities. The Property also has a ZBA application for an 11 storey, 147,466 sq. ft. residential development that would provide 225 units to the surrounding neighborhood. 4280-4288 Kingston Road provides a rare opportunity to acquire a diversified open air retail plaza with future value add opportunities through both active management, leasing & long term development upside. The Property is being offered at a 5.50% capitalization rate on in-place income.
Property Highlights
For Sale
MLS NO.
E12693252
Type
Commercial
Sub Type
Land
Square Footage
147465.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Land
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12693252
Lot Width
0.0
Garage Type
None
Cooling
Yes
Heat Type
Electric Forced Air
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
4280-4288 Kingston Road, Toronto E10, ON M1E 2M8
City
Toronto E10
Neighbourhood
West Hill
County / Region
Toronto
Province / State
ON
Postal Code
M1E 2M8
Cross Street
Kingston Road & Lawrence Ave
Directions
Kingston Road & Lawrence Ave
Country
CA
List Price
$9,788,888
Annual Taxes
$50,516
Tax Year
2025
Legal Description
oPCL 4-3, SEC M596 ; LT 4, PL M596 , EXCEPT PT 1, 66R5586 ; SCARBOROUGH, CITY OF TORONTO
Possession Type
Other
Possession Details
TBD
Listing Office
CBRE LIMITED
Board
Toronto Regional Real Estate Board
Original Entry
2026-01-13T21:44:33Z
Media Updated
2026-01-13T21:44:33Z
Photos Updated
2026-01-13T21:44:33Z
Last Modified
2026-01-13T21:44:33Z
System Modified
2026-01-13T21:44:33.376703Z
MLS Status
New
Co List Office Name
CBRE LIMITED
Ddfyn
Yes
Expiration Date
2026-03-31
Heat Type Multi
Electric Forced Air
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Public Remarks
4280 4288 Kingston Road (the "Property") is a well located retail plaza that features strong rental rate upside in Scarborough - a community experiencing exponential population growth. Comprising 11,519 sq. ft. of GLA, the Property is 100% leased to a complementary mix of tenants that features reasonably low WALT's and in-place net rental rates that are ~20% below market. The retail plaza is divided into 10 units and is fully leased, providing diversity to the underlying cash flow and ongoing upside opportunities. The Property also has a ZBA application for an 11 storey, 147,466 sq. ft. residential development that would provide 225 units to the surrounding neighborhood. 4280-4288 Kingston Road provides a rare opportunity to acquire a diversified open air retail plaza with future value add opportunities through both active management, leasing & long term development upside. The Property is being offered at a 5.50% capitalization rate on in-place income.
