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About the Listing 498504 -
Excellent opportunity to acquire a rare freehold mixed-use Store With Apartment/Office in a high-visibility Albion Rd & Islington Ave plaza location within Thistletown-Beaumonde Heights. This well-located property offers approximately 1,906 sq ft of total space, featuring a leased ground-floor retail unit and a tenanted upper residential apartment, providing stable income with long-term upside.The ground-floor retail unit is currently leased at $3,000 per month, with the tenant responsible for utilities, under a 5-year lease plus a 5-year renewal option, offering secure and predictable income. The property benefits from a strong history of long-term commercial occupancy, previously leased to WIND Mobile and later a barber shop for approximately 7 years, demonstrating suitability for a wide range of service-oriented and retail uses.The upper residential apartment consists of 2 bedrooms and 1 washroom, with a functional layout including living area, dining/family space, and an open balcony. The unit is currently tenanted, providing additional steady income.Property includes 1 garage parking space and 4 outdoor parking spaces, ideal for both commercial and residential use.Low monthly plaza maintenance fee of approximately $200 includes garbage collection, snow removal, hydro for the owner/garage portion, and minor maintenance. Tenants pay their own utilities.Located within a well-established plaza surrounded by diverse businesses including retail, professional offices, and restaurants, generating consistent foot traffic.A rare opportunity to secure a freehold, income-generating mixed-use asset with long-term lease stability and strong future value in a growing west Toronto corridor.
Listing Highlights
Status
Active
Days on Site
169
Property Type
Commercial Sale
MLS ®
W12736224
Year Built
Total Square Footage
1,906
Lot/Acreage
N/A
Interior Details
- Bedrooms: 0
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Yes
- Heating: Electric Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Sanitary+Storm
- Parking Features: Underground,No Garage
Financial Details
- Tax Amount: $5,500
- Taxes w/Assessments: N/A
- Tax/Property ID: 73210045
- Tax Year: 2025
Payment Calculator
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Questions About..
959 Albion Rd Toronto, ON M9V 1A6
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