$1,549,000
FOR SALE

Industrial

Lot: 28.35 x 97.41 ftTotal Area: 2,749.86 ft2
2023 Taxes: $10,936.96

1680 Midland Ave #5
Toronto, ON M1P 3C6 | Dorset Park

*Only sold together with the adjoining Unit at 1680 Midland Avenue 6 (MLS #E8443556)* This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp and currently zoned as a Vehicle Service Shop with floor plans available upon request.
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Listed By KELLER WILLIAMS ADVANTAGE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E8442878
Last Updated Jun 17, 2024
Property Summary
Property Type Industrial

More like this:
Use Warehousing
Category Industrial Condo
PIN 766430005
Legal Description UNIT 5, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2643 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN AT4825905 CITY OF TORONTO
Occupancy Owner
Possession Date TBD
Taxes (2023) $10,936.96
Tax Type Annual
Commercial Condo Fees $676.47
Directions/Cross Streets Midland Ave & Ellesmere Rd
Neighbourhood Dorset Park
Area Toronto
Price History

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Detailed Information
Freestanding N
Bathrooms 2
Lot 28.35 x 97.41 ft
Industrial Area 2,352 ft2
Office/Apt Area 398 ft2
Total Area 2,749.86 ft2
Air Conditioning N
Chattels N
Garage Type None
Parking Spaces 7
LLBO N
Employees 5
Heat Type Gas Forced Air Open
Financial Statement N
Sprinklers Y
Utilities Y
Water Municipal
Clear Height 13 feet
Drive-In Level Shipping Doors 1
Drive-In Level Shipping Doors Height 10 feet
Rail N
Lot/Bldg/Unit Code Unit
Zoning E 0.7 (x192)
Seller Property Info Statement N

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