Professional or Apartment Building in Downtown Toronto

This is a two story commercial zoned property. Downstairs is a former medical office with a 12x17 waiting room, powder room, 12x17 receptionist area, two 15x12 examination rooms with sinks and adjacent 10 x 6 utility rooms (one has a toilet),a 15x12 office, and 12x12 office. Second floor is in need of remodeling, one of the baths upstairs has been re done. Taxes only $888/yr. Newer roof, and central air. Maintanence free exterior. Full basement, with drywall ceiling (first floor was remodeled to commercial specs) Plenty of room in back for parking or also add some mini storage for extra cash. This is a nice sized building that could be converted to three rental units, or continue to use as a medical professional building. Priced right, excellent cash flow potential.

Note- There is a major construction project commencing just north of town, which will bring in hundreds of out of area construction workers needing places to live. This is an excellent opportunity to quickly realize the cash flow potwential, which could be up to $1,200/month.