1680 Midland Avenue 6, Toronto E04, ON M1N 3C6
Toronto E04 , M1N 3C6
$1,475,000.00
2 Bathrooms
2869 Square Feet
Commercial
Property Details
| MLS Number | E12224300 |
| Property Type | Commercial |
| City | Toronto E04 |
| City Region | Dorset Park |
| Postal Code | M1N 3C6 |
| Cross Street | Midland Avenue & Ellesmere Rd |
| Street Number | 1680 |
| Street Name | Midland |
| Building Area | 2869 Square Feet |
| Bathrooms | 2 |
| Annual Tax | $10,992.30 |
| Sewer | Sanitary |
| Utilities | Yes |
| Occupant Type | Owner |
Description
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.
Selvan Puvaneswaranathan
Broker — REMAX Crossroads