701 Mount Pleasant Road
Toronto, Mount Pleasant East M4S 2N4
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Description
Meticulously maintained, 100% leased mixed-use property over 3 storeys (2 commercial units + 1 residential unit) Recently renovated throughout, the building features high-end finishes, a brand-new two-bedroom apartment retrofit and up-to-date capital improvements, offering a turnkey investment. The ...ground-floor retail and lower level are occupied by Wellness Shield Pharmacy, with seller flexibility regarding potential vacant possession on sale. The second floor is leased to Urb Organic Spa, a long-term tenant, while the third floor features a newly renovated two-bedroom apartment. 2027 going in gross income of $118,972.68 provides strong in-place holding income, with flexibility to maintain a stabilized asset or pursue near-term value-add opportunities through lease renewals, market rent adjustments and options for vacant possession.
