Property Details

1194 Bloor Street West - Toronto

For Sale $1,695,000 - Commercial, Stores

1194 Bloor Street West

Prime Investment Property

Commercial – Residential Mix

Restaurant with Apartment Above

Excellent Location on Bloor Street West

AAA Tenant in Restaurant with Lease until April 30, 2023

3 Bedroom Apartment will be Vacant

1

Income Statement

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Restaurant: $ 4,000* + $ 1,000 + HST = $ 5,650 / Month

Residential   $ 3,000 / Month (projection)

Gross Yearly Income:                                                  $ 103,800

Expenses

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Property Taxes:     $ 12,825

Insurance:            $   5,062

Water – Waste      $   4,216

Garbage               $   1,413

Rental Hot Water

Tanks                              $   1,100

Total Yearly Expenses                                                  ($ 24,616)

Net Yearly Income                                                               $ 79,184

$ 1,000 / Month + HST is estimated Operating Cost for Commercial Tenant

There is an adjustment at the end of the year

*May 1, 2022 – April 30, 2023 increases to $ 4,500 / Month

**Commercial Tenant pays 60 % of Operating Costs and

66 % of Water-Waste-Garbage

***Commercial Tenant pays Gas Bill and gets Credit for 40 % of the Gas Bill. 2020 Gas Bill: $ 2,985.12

Inspection Report Available

 

Floor Plans Available

 

$ 1,695,000. New Price !!

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