THE ULTIMATE TROPHY ASSET - UNMATCHED average 8.6%-8.9% CAP RATE! A completely re-engineered, top-to-bottom luxury turn-key mixed-use property with over $500K in high-end 2025 renovations. Located at the high-exposure corner of Quebec St & Mornington Ave, there is simply no second property on the ma...rket that matches this level of cash flow and pristine finish. Total gross current income generates a massive $9,000/MONTH ($108,000/YEAR)! MAIN FLOOR COMMERCIAL (70 Sq. Meters + 1 Washroom): Features a luxurious, custom-built Nail Spa outfitted with 4 premium manicure stations and 4 pedicure chairs, designed with a crisp, modern white aesthetic-100% turnkey, ready for immediate operation, and ALL INCLUDED IN THE SALE! UPPER RESIDENTIAL UNIT: Expansive and bright layout featuring 2 Bedrooms, 2 Full Washrooms, a versatile family room with cozy fireplace, and modern finished kitchen. LOWER RESIDENTIAL UNIT: Professionally finished (2025) separate-entrance basement suite featuring 3 Bedrooms, 2 Full Washrooms, and a custom kitchen. MECHANICALS & PERMITS: 100% peace of mind with 3 separate hydro/gas meters, 3 independent hot water tanks, upgraded plumbing/electrical, and city permits (2025). WHY THIS IS A ONCE-IN-A-LIFETIME BUY: Perfect for savvy investors wanting secure, high-yield passive income, or business owners looking to operate downstairs while upper and lower tenants effortlessly offset your mortgage. Do not miss out - opportunities like this vanish instantly!
Full Property Details
General
Business Type
-
Retail Area
70.00 Sq Metres
Total Area
2432.64 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Retail Area
70.00 Sq Metres
Total Area
2432.64 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
5
Heating Fuel
Electric Forced Air
Air Conditioning
Yes
Washrooms
5
Heating Fuel
Electric Forced Air
Air Conditioning
Yes
Exterior
Depth
90.21
Front
27.07
Lot Size
27 x 90.21 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CC1
Depth
90.21
Front
27.07
Lot Size
27 x 90.21 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
None
Garage Spaces
-
Zoning
CC1
Building Description
Home Type
Commercial
Subtype
Commercial Retail
Year Built
51-99
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Commercial Retail
Year Built
51-99
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Community
Community
East G
Community
East G
Taxes & Fees
Taxes
$4,200 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$4,200 /yr
Tax Year
2025
Occupancy
Tenant
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