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Toronto E04, ON M1P 3C6,1680 Midland AVE #5
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Toronto E04, ON M1P 3C6,1680 Midland AVE #5
Toronto E04, ON M1P 3C6,1680 Midland AVE #5
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 1,549,000
Est. payment /mo
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1680 Midland AVE #5 Toronto E04, ON M1P 3C6

2,749 SqFt

UPDATED:

06/17/2024 09:32 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,749 sqft

Price per Sqft $563

MLS Listing ID E8442878

Condo Fees $676

Annual Tax Amount $10,936

Tax Year 2023

Property Description

*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.

Location

Province ON

County Toronto

Community Dorset Park

Area Toronto

Region Dorset Park

City Region Dorset Park

Interior

Cooling No

Exterior

Garage Spaces 7.0

Utilities Available Yes

Others

Security Features Yes

Listed by KELLER WILLIAMS ADVANTAGE REALTY
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1680 Midland AVE #5