*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8443996)* This owner-occupied retail property 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. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request. |
Price | $799,000 |
Taxes: | $6750.30 |
Tax Type: | Annual |
Occupancy by: | Owner |
Address: | 1388 Don Mills Rd , Unit 43, Toronto, M3B 0A7, Ontario |
Apt/Unit: | 43 |
Postal Code: | M3B 0A7 |
Province/State: | Ontario |
Legal Description: | UNIT 43, LEVEL 1, TORONTO STANDARD CONDO |
Directions/Cross Streets: | York Mills Rd & Don Mills Rd |
Category: | Commercial Condo |
Building Percentage: | N |
Total Area: | 550.00 |
Total Area Code: | Sq Ft |
Retail Area: | 550 |
Retail Area Code: | Sq Ft |
Financial Statement: | N |
Chattels: | N |
Franchise: | N |
Days Open: | 6 |
Hours Open: | 12 |
Employees #: | 2 |
Sprinklers: | Y |
Washrooms: | 1 |
Clear Height Feet: | 10 |
Heat Type: | Gas Forced Air Open |
Central Air Conditioning: | Y |
Sewers: | Sanitary |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
KELLER WILLIAMS ADVANTAGE REALTY |
|
Book Showing | Email a Friend |
Type: | Com - Commercial/Retail |
Area: | Toronto |
Municipality: | Toronto |
Neighbourhood: | Banbury-Don Mills |
Tax: | $6,750.3 |
Baths: | 1 |