*Only sold together with the adjoining Unit at 1680 Midland Avenue 5 (MLS# E8442878)* 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.
UNIT 6, 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)
$10,992.3
Tax Type
Annual
Commercial Condo Fees
$705.79
Directions/Cross Streets
Midland Avenue & Ellesmere Rd
Neighbourhood
Dorset Park
Area
Toronto
Price History
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Detailed Information
Freestanding
N
Bathrooms
2
Lot
28.51 x 97.9 ft
Industrial Area
2,461 ft2
Office/Apt Area
408 ft2
Total Area
2,869 ft2
Air Conditioning
N
Chattels
N
Garage Type
None
Parking Spaces
7
Employees
5
Heat Type
Gas Forced Air Open
Financial Statement
N
Sprinklers
Y
Sewers
Sanitary
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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