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• 1680 Midland Ave #5, Toronto, ON M1P 3C6

$1,549,000 ^{FOR SALE}

Industrial

Lot: 28.35 x 97.41 ftTotal Area: 2,749.86 ft²
2023 Taxes: $10,936.96

1680 Midland Ave #5
Toronto, ON M1P 3C6 | Dorset Park

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*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.

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Listed By	KELLER WILLIAMS ADVANTAGE REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	E8442878
Last Updated	Jun 17, 2024

Property Summary

Property Type	Industrial More like this: Toronto Industrial for Sale
Use	Warehousing
Category	Industrial Condo
PIN	766430005
Legal Description	UNIT 5, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2643 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN AT4825905 CITY OF TORONTO
Occupancy	Owner
Possession Date	TBD
Taxes (2023)	$10,936.96
Tax Type	Annual
Commercial Condo Fees	$676.47
Directions/Cross Streets	Midland Ave & Ellesmere Rd
Neighbourhood	Dorset Park
Area	Toronto

Price History

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Detailed Information

Freestanding	N
Bathrooms	2
Lot	28.35 x 97.41 ft
Industrial Area	2,352 ft2
Office/Apt Area	398 ft2
Total Area	2,749.86 ft2
Air Conditioning	N
Chattels	N
Garage Type	None
Parking Spaces	7
LLBO	N
Employees	5
Heat Type	Gas Forced Air Open
Financial Statement	N
Sprinklers	Y
Utilities	Y
Water	Municipal
Clear Height	13 feet
Drive-In Level Shipping Doors	1
Drive-In Level Shipping Doors Height	10 feet
Rail	N
Lot/Bldg/Unit Code	Unit
Zoning	E 0.7 (x192)
Seller Property Info Statement	N

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