Prime Retail Commercial Fully leased 2220 sqft up and down offering 5.62%cap rate a bay for sale, discover a unique opportunity to own a fully developed, two-floor retail commercial unit in a prime location. This property is ideal for business owners or investors looking for steady rental income and excellent amenities, it is equally good for the personal use of a corporate business owner. Property features, Total area approximately 2220 sq ft across two floors. The main floor is currently rented for $2200/month for three years a 10 % increase yea. It Has a spacious washroom, a modern interior suitable for various retail businesses, such as small worship places, and every kind of medical facility, storage, pizza shop, and many more usages are permitted there. Upper Floor is currently rented for $3075/month, including:4 well-appointed offices One board room perfect for meetings and presentations fully equipped kitchenOne washroomHVAC System: Both floors have separate, efficient HVAC systems for optimal comfort and energy savingsRental Income: Total rental income of $5275/month Prime Location: High visibility and foot traffic, ideal for attracting customers and tenantsThis well-maintained property offers a solid return on investment and a prime location for businesses. Don’t miss out on this exceptional opportunity. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Listing Contract Date
2024-07-03
Municipal ID
0038398665
Ownership Type
Freehold
Plan
1911657
Property Type
Retail
Transaction Type
For sale
Zoning Description
I-C
Building
Constructed Date
2018
Construction Material
Poured concrete
Exterior Finish
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
2220 square feet
Total Finished Area
2220 sqft
Type
Retail
Land
Total Size
Unknown
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
