Barrie L4M 1G4
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C2,300,000
($1,682,200)
(€1,436,700)
Annual Taxes:C31,499.85
505 Park Ave, New York, NY 10022

A rare opportunity to acquire a cornerstone asset in the heart of downtown.

    Description

    A rare opportunity to acquire a cornerstone asset in the heart of downtown. This well-maintained professional office building has been home to RBC exclusively since 1982, offering long-standing stability and exceptional tenant covenant strength. The property features 6,306 SF of bright above-ground office space across two levels, complemented by an additional 1,470 SF of functional basement storage.The current RBC lease is in place until the end of October 2027 and includes three renewal options, providing investors with both immediate income continuity and future upside potential. Built in 1971 and zoned C1-2, the building sits in a high-visibility, high-demand commercial corridor with strong foot traffic and excellent accessibility.This is an exceptional opportunity for investors seeking secure cash flow, a reputable national tenant, and long-term value in a prime downtown location. Full lease documentation is available upon execution of a Confidentiality Agreement.

    Amenities

    • Major Highway
    • Public Transit

    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.