Toronto W05 M9M 1A9
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C4,199,000
($3,021,100)
(€2,599,700)
Annual Taxes:C26,120.15
505 Park Ave, New York, NY 10022

Rare freestanding auto service building with direct Highway 401 exposure and flexible MC Industrial Commercial zoning permitting a broad range of automotive, service, industrial and commercial uses.

    Description

    Rare freestanding auto-service building with direct Highway 401 exposure and flexible MC (Industrial-Commercial) zoning permitting a broad range of automotive, service, industrial and commercial uses. Set on Wilson Avenue just east of the Highway 400/401 interchange, the approx. 3,600 SF brick building offers five drive-in service bays on an approx. 0.44 acres site with use useable outdoor/yard area, including excess rear land for expansion, additional yard or vehicle storage. Multiple income streams are in place; an automotive service and used-car sales tenancy, rear-lot tenancy, and a long-term Bell Canada rooftop ground lease; purchase with tenants in place or take vacant possession. Vendor-take-back (VTB) financing available to qualified buyers, and existing shop equipment is available at additional cost. Recent Phase I and Phase II Environmental Site Assessments on file. Exceptional access: minutes to Highways 400, 401 and 407, Allen Road, Yorkdale and Pearson International Airport, with TTC transit at the door. A turnkey opportunity for an owner-operator automotive user or a value-add investor seeking in-place income with upside in the excess land.

    Amenities

    • Available

    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.