5.6% CAP RATE | 15% RENTAL UPSIDE | VTB AVAILABLE! Acquire the Iron Factory Lofts, a boutique two-storey hard loft corner building in the heart of the Junction-Davenport neighbourhood. This 11,500 SF mixed-use property features 11 authentic loft-style residential units with soaring 14-foot ceilings,... exposed industrial details, abundant natural light and private terraces, plus one ground-floor commercial retail space. The property generates a Net Operating Income (NOI) of $252,000, inclusive of management fees, repairs & maintenance, payroll, structural reserves and appliance reserves. With 7 of the 11 residential units leased below market, this investment provides stable in-place income with meaningful value-add rental upside.
Full Property Details
General
Business Type
-
Total Area
11500.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
-
Total Area
11500.00 Square Feet
Sprinklers
-
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
12
Heating Fuel
Gas Forced Air Closd
Air Conditioning
Part
Washrooms
12
Heating Fuel
Gas Forced Air Closd
Air Conditioning
Part
Exterior
Depth
101.0
Front
79.0
Lot Size
79 x 101.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
Residential
Depth
101.0
Front
79.0
Lot Size
79 x 101.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Outside/Surface
Garage Spaces
-
Zoning
Residential
Building Description
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Water Supply
Municipal
Possession Date
No Data
Community
Community
Dovercourt-Wallace Emerson-Junction
Community
Dovercourt-Wallace Emerson-Junction
Taxes & Fees
Taxes
$27,237 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$27,237 /yr
Tax Year
2026
Occupancy
Tenant
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