FULLY LEASED CAREFREE INVESTMENT

• 157 RONCESVALLES AVENUE, TORONTO
• 2,300 SQ. FT. ESTABLISHED RESTAURANT ON THE MAIN FLOOR PLUS FULL BASEMENT
• COMMERCIAL TENANT – 2,242 SQ. FT.
• FULLY RENOVATED APARTMENT w/ 260 SQ. FT. REAR DECK.
• 19.5 FT. FRONTAGE ON RONCESVALLES AVENUE WITH 115 FT. DEPTH.
• NET OPERATING INCOME OF $147,000.00 PER ANNUM.
• LEGAL DESCRIPTION: PT LT 1-2 PL 713 PARKDALE AS IN CA812977 EXCEPT THE EASEMENT THEREIN; CITY OF TORONTO.
• STABLE INCOME • WELL MAINTAINED PROPERTY.
• HIGHLIGHTS
• COMMERCIAL TENANT
• NET RENT: $9,380.00 MONTHLY ($112,560.00 ANNUALLY).
• TMI ESTIMATED: $2,630.96 MONTHLY ($31,571.52 ANNUALLY).
• TERM OF LEASE: 5 YEARS (BEGINNING JULY 01, 2026).
• RENT ESCALATION: $225.00 MONTHLY (INCREASED ANNUALLY, 2.398% YEAR 2).
• OPTION TO RENEW: YES (2ND 5 YEAR TERM, PURSUANT TO LEASE).
• RESIDENTIAL TENANT
• MONTHLY RENT: $3,050.00 MONTHLY ($36,600 ANNUALLY + 2.1% AUG 01/26).
• HYDRO, GAS INCLUDED: NO (TENANTS UTILITIES ARE SEPARATELY METERED).
• LEASE TERM: AS PER ONTARIO “RTA” (CURRENT TENANCY 5 YEARS).
• NOTE: THE COMMERCIAL TENANT PAYS THE ENTIRE INSURANCE BILL, AND ALL WATER AND WASTE MANAGEMENT BILLS, INCLUDING ANY PORTIONS OF BILLS THAT MAY BE ATTRIBUTABLE TO THE RESIDENTIAL UNIT.
• HIGHLIGHTS
• ASSESSMENT ROLL NO.: 19-04-02-3-290-00500-0000-0 0.
• LEGAL DESCRIPTION: PLAN 713 PT LOTS 1 & 2.
• DESCRIPTION (MPAC): FRONT 19.50 FT, DEPTH 115.00 FT, AREA 2,242.00 SQ.FT.
• BUILDING AREA: 2,154.75 SQ.FT (+/-).
• RESIDENTIAL AREAS: 1,914.25 SQ.FT (+/-).
• RESIDENTIAL AREA(S): 1,139.75 SQ.FT (+/-), + ROOF TOP DECK 273 SQ.FT (+/-).
• NOTE: WHILE EVERY EFFORT HAS BEEN MADE FOR ACCURACY, ALL MEASUREMENTS ARE APPROXIMATE.
• MAIN FLOOR FULLY LICENSED RESTAURANT AND BAR, LEASED TO “GABBY’S” (20 YRS TO PRESENT), 4 YEARS REMAINING ON CURRENT TERM + AVAILABLE OPTION TO RENEW ADDITIONAL 5 YEARS.
• MAIN FLOOR COMMERCIAL UNIT, UTILITIES (GAS & HYDRO) ARE SEPARATELY METERED.
• HYDRO SUPPLY: 240V SERVICE, AND 600V (POWERING 2 “STEPDOWN” TRANSFORMERS) SERVICE. DEDICATED “ROOF-TOP” HVAC UNIT, EXHAUST HOOD, AND “MAKE-UP” AIR UNIT.
• RESIDENTIAL UNIT, UTILITIES (GAS & HYDRO) ARE SEPARATELY METERED. DEDICATED “ROOF-TOP” HVAC UNIT (COMMERCIAL GRADE).
• NEW LED POT LIGHTS (INCLUDING CORRECT DIMMABLE SWITCHES).
• MAPLE ¾” PLANK FLOORING THROUGHOUT.
• SKYLIGHT.
• GAS BURNING FIREPLACE.
• “PASS-THROUGH” MODERN KITCHEN TO DINING/LIVING ROOM.
• WROUGHT IRON RAILINGS.
• MODERN BATHROOM.
• STACKED LAUNDRY.
• LARGE PRIMARY BEDROOM WITH WALK-IN CLOSET AND ACCESS TO PRIVATE FENCED-IN ROOFTOP DECK.
• SECONDARY ROOM CURRENTLY USED AS OFFICE.