1742 JANE STREET

Prime Investment Opportunity in a High-Demand Location! An exceptional chance to acquire a mixed-use building in the vibrant Jane & Lawrence neighbourhood, offering solid income generation and long-term upside. The main floor is occupied by two established commercial tenants, providing consistent revenue in a high-traffic area. Their lease are up for renewal at the end of the year, and they are open to staying. The second level includes two residential suites: a well-appointed 2-bedroom unit and a spacious 3-bedroom layout with an ensuite laundry. Both are currently tenanted on a month-to-month basis, delivering immediate cash flow while allowing flexibility for future use. Notable updates include a boiler, tankless hot water system, refreshed brick façade, updated windows, and newly redone rear concrete area. The finished basement adds additional usable space, featuring multiple rooms that offer flexible use. Multiple entrances and separate hydro meters further enhance the building’s versatility. At the rear, six laneway parking spaces provide added convenience for both residential and commercial occupants. A turnkey, income-producing asset with strong upside-ideal for investors looking to expand their portfolio or capitalize on a well-located mixed-use opportunity. (id:66327)