An outstanding investment opportunity for commercial investors seeking a carefree landlord experience.


Property

Website:https://www.nestseekers.com/4326220
Address:
Ajax L1Z 1W4
Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed

Financials

Price:C4,600,000
($3,361,600)
(€2,875,300)
Annual Taxes:C47,980.72

Description

An outstanding investment opportunity for commercial investors seeking a carefree landlord experience. The property is leased to a AAA+ tenant, a licensed childcare center / daycare / Montessori school under the CWELCC program on a Triple Net Lease, meaning the tenant is responsible for property taxes, insurance, and all maintenance costs. The building is well-maintained. This heritage building was relocated to its current site in 2005 by a developer, who undertook major restorations in 2010, including a new foundation, electrical system, plumbing, flooring, and partial exterior brick replacement. Buyers are advised to verify all building details. The tenant owns stoves, refrigerators, washer/dryer, and all chattels. The current triple-net monthly rent is $20,938 (including HST), with a scheduled increase to $22,807 (including HST) in 2028.

Amenities

  • Available

Contact

505 Park Ave, New York, NY 10022

Ajax L1Z 1W4