Apt: 6
Toronto E04 M1N 3C6
Canada

Property

Ownership: For Sale
Type: Unknown
Bathrooms: 2
Pets: Pets No

Financials

Price:C1,475,000
($1,052,944)
(€911,964)
Annual Taxes:C10,992.30
505 Park Ave, New York, NY 10022

Only sold together with the adjoining Unit at 1680 Midland Avenue 5 MLS E12224270 PRICE DECREASE with further potential to negotiate price.

Description

Only sold together with the adjoining Unit at 1680 Midland Avenue 5 (MLS# E12224270)* PRICE DECREASE with further potential to negotiate price. 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. The 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 with current zoning allowing for a variety of uses including automotive. Floor plans available upon request.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.