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219 Vermilion Avenue
CADREB Out of Town No City Value V0X 1W0

$2,360,000
Multi-Family Commercial, Retail

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Status:
Active
Prop. Type:
Multi-Family Commercial, Retail
MLS® Num:
C8073472
Build. Type:
Low Rise (2-4 storeys)
Opportunity to obtain an extensively renovated multi-tenanted mixed use investment property, featuring Commercial on the Main Floor and 10 Residential units above. Constructed circa 1960s and extensively upgraded in the last 5 years. The main floor retail unit totals approximately 9,577 sq. ft. and is fully leased to Fields Store under a new 5-year term effective November 2024. The second-floor residential units have been upgraded in 2021. Situated on an approx. 13,024 sq. ft. C2-Central Business zoned lot. Offered at an attractive CAP rate of 7.02% on the asking price with a solid tenant mix makes this a smart investment for the future.
Sale Type:
Asset
Sublease:
Yes
Ownership:
Freehold
Property Type:
Multi-Family Commercial, Retail
Commercial Type:
Multi Family
Construction:
Frame Wood
Num Storeys:
2
Building Type:
Low Rise (2-4 storeys), Mixed Use, Street-Level Storefront
# Units Total:
10
# Other Units:
10
# of Apartments:
10
# of Studio Apartments:
0
# of Penthouse Apartments:
0
# of Bachelor Apartments:
2
# of 4+ Bedroom Apartments:
0
# of 1 Bedroom Apartments:
7
# of 2 Bedroom Apartments:
1
# of 3 Bedroom Apartments:
0
Year built:
1961 (Age: 64)
Living Area:
17,132 sq. ft.
Subject Property Depth:
100'
Subject Property Width:
130'
Lot Area:
13,068 sq. ft.
Zoning:
C2
Heating:
Separate Controls
Cooling:
Separate Controls
Electricity:
No
Services Connected:
Fully Serviced
Sewer:
Public Sewer
Parcel Number:
032224346
Taxes:
$25,500 / 2024
Laundry Facility
No
None Known
No
Water Supply:
Public
Water Rights:
No
Roof:
Other
Env Assmt Phase:
No
Original Price:
$2,360,000
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Listed by RE/MAX Bob Plowright Realty
Data was last updated November 6, 2025 at 05:35 PM (UTC)
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