72 King Street East

Property Description

Opportunity knocks in the heart of Dundas with this fully occupied, two-storey mixed-use building at the southeast corner of King Street East and Cootes Drive. Offering 7,456 sq ft across six units on a 0.20-acre corner lot with 146 feet of frontage, this well-maintained property delivers a diversified income stream from both commercial and residential tenants, plus 6 on-site parking spaces, a true rarity on this stretch of King Street.

The main floor features two established retail spaces totalling 3,757 sq ft. Queens Pizza & Wings occupies a 1,874 sq ft space purpose-built for restaurant use, while Dundas Valley Hobby Shop, a well-known local destination, occupies 1,883 sq ft. Upstairs, four residential units totalling 3,699 sq ft include two 1-bedroom lofts, a 2-bedroom unit and a studio, each with its own washroom.

The numbers speak for themselves. The property generates a top line income of $12,768 per month, or $153,216 per year, with the owner responsible only for property taxes and snow removal. Even better, the upside is built in. All existing tenancies are month to month, giving a new owner the flexibility to reposition rents toward market levels.

The building has been thoughtfully cared for, with furnace and central air throughout, LED and pot lighting, and renovations completed in 2020. C5 zoning, steady foot traffic from the surrounding residential neighbourhood, transit at the door and easy access to Highway 403 round out a compelling package.Whether you are an investor seeking stable cash flow with growth potential or an owner-operator looking to run your business while your tenants help pay the mortgage, 72 King Street East is an opportunity worth a closer look.