12 Old Kingston Road, Toronto E10, ON M1E 3J5, Toronto E10, ON
Bath 2
0.82 sqft
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***
Property Highlights
For Sale
MLS NO.
E12942218
Type
Commercial
Sub Type
Commercial Retail
Bathrooms
2
Square Footage
0.82 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Commercial Retail
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
E12942218
Total Bathrooms
2
Security Features
Partial
Lot Width
101.25
Garage Type
Outside/Surface
Cooling
No
Cooling Installed
No
Heat Type
Gas Forced Air Open
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
12 Old Kingston Road, Toronto E10, ON M1E 3J5
City
Toronto E10
Neighbourhood
West Hill
County / Region
Toronto
Province / State
ON
Postal Code
M1E 3J5
Cross Street
Kingston/Morningside
Directions
E
Country
CA
List Price
$11,900,000
Annual Taxes
$32,870
Tax Year
2025
Legal Description
Ptl 10 C1 Pl2504
Possession Type
Flexible
Possession Details
TBA
Listing Office
HOMELIFE NEW WORLD REALTY INC.
Board
Toronto Regional Real Estate Board
Original Entry
2026-04-01T03:24:00Z
Media Updated
2026-04-01T03:24:00Z
Photos Updated
2026-04-01T03:24:00Z
Last Modified
2026-04-29T02:26:18Z
System Modified
2026-04-29T02:26:18.912947Z
MLS Status
Price Change
Basement Yn
Yes
Board Property Type
Com
Ddfyn
Yes
Expiration Date
2026-05-31
Heat Type Multi
Gas Forced Air Open
Heating Yn
Yes
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Public Remarks
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***
