$4,500,000.00

Highly visible corner property in Toronto's east end, featuring an approx. 1,817 sq. ft. freestanding building with three service bays and exceptional exposure along Kingston Rd and Orchard Park Blvd. Currently leased to an automotive user, the property provides in-place income while offering significant future repositioning and redevelopment potential.The site is zoned CR 2.0 (c0.5; r2.0) SS2 (x1579), permitting a broad range of commercial, residential, mixed-use, service, and automotive-related uses, subject to purchaser verification. The property also benefits from an advanced entitlement-stage boutique residential development concept for a proposed 56-suite mid-rise building totaling approximately 42,236 sq. ft. of gross floor area.Situated within an established east-end Toronto neighbourhood, the offering presents a rare opportunity to acquire a prominent corner site with both near-term cash flow and long-term development upside.Property being sold on an "as-is, where-is" basis. Purchasers are responsible for verifying all measurements, zoning, permitted uses, approvals, lease information, income, and development potential. (id:31565)