• For Sale
  • 1 years ago
  • 40 views

5 - 1680 Midland Avenue, Toronto, ON, M1P 3C6

$1,549,000

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 t

rue 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. (id:25314)

Facts and Features

Type

Industrial

year built

No Data

lot size

Unit=28.35 x 97.41 FT

Bedrooms

No Data

bathrooms

No Data

Garage

7

Status

Active

Property Overview

Property ID
52770
Category
Commercial
Unit Number
5
View
No Data
Lot Size Dimensions
Unit=28.35 x 97.41 FT
Lot Features
No Data
Common Interest
No Data

Building and Architecture

Building Type
Warehouse
Architecture Style
No Data
Stories
No Data
Roof
No Data
Foundation Details
No Data
Exterior Features
No Data
Construction Materials
No Data

Interior Features

Living Area
2750 sqft
Above Ground Finished Area
No Data
Below Ground Finished Area
No Data
Basement
No Data
Flooring
No Data
Fireplace
No
Fireplaces Total
No Data
Fireplace Features
No Data

Parking

Parking Type
No Data
Parking Spaces
7
Additional Parking Type
No Data
Additional Parking Spaces
No Data
Parking Fee
No Data
Parking Fee Frequency
No Data

Property Features

Heating
Natural gas, Other
Cooling
No Data
Electric
No Data
Sewer
No Data
Water Source
Municipal water
Utilities
No Data
Community
No Data
Security
No Data

Other Information

Association Name
No Data
Association Fee
No Data
Association Fee Frequency
No Data
Association Fee Includes
No Data
Tax Annual Amount
$10,936.96
Existing Lease Type
No Data
Zoning
No Data
Zoning Description
E 0.7 (x192)

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Irene Wallace
STEVEN CHENG 416-465-4545