Added 9 months ago
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Type: Industrial
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Property Type: Commercial
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Business Type: Warehousing
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Zoning: E 0.7 (x192)
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Age: No Data
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Taxes: 10936.96
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MLS®#: E8442878
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Days on Site: 3 Days
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Added: Jun 14, 2024 (9 months ago)
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Updated:
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Last Checked: 1 week ago
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Listed By: KELLER WILLIAMS ADVANTAGE REALTY
*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.
Property
Status: Sale
Type: Warehousing
Property Type: Industrial
Property Type: Industrial Condo
Area: Toronto
Community: Dorset Park
Availability Date: TBD
Inside
Bathrooms: 2
Air Conditioning: N
Washrooms: 2
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Open
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 7
Fees
Tax Year: 2023
Tax Legal Description: UNIT 5, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2643 AND
Taxes: $10,937
Commercial Condo Fees: 676
Taxes Type: Annual
Land
Cross Street: Midland Ave & Ellesm
Municipality District: Toronto E04
Parcel Number: 766430005
Lot Depth: 97.41 Feet
Lot Frontage: 28.35 Feet
Zoning: E 0.7 (x192)
Shipping Doors
Drive Height (ft): 10
Clearing Height (ft): 13
Commercial Specific
Number of Employees: 5
Shipping Doors Drive In Level: 1
Rail: N
Sprinklers: Y
Total Area: 2749.86
Total Area Metric: Sq Ft
Industrial Area Size: 2352
Industrial Area Metric: Sq Ft
Office Size: 398
Office Size Metric: Sq Ft
Franchise: N
Tangible Property Included: N
Lot Code: Unit
Financial Statement: N
LLBO: N
Very Walkable
- Most errands can be accomplished on foot.
Good Transit
- Some errands can be accomplished by public transportation.
Bikeable
- Some errands can be accomplished on bike.
Dorset Park Public School
Elementary: PublicEdgewood Public School
Elementary: PublicSt Victor Catholic School
Elementary: CatholicCharles Gordon Senior Public School
Elementary: PublicSt Lawrence Catholic School
Elementary: CatholicDonwood Park Public School
Elementary: PublicAlternative Scarborough Education 1
Secondary: PublicBendale Business & Technical Institute
Secondary: PublicWinston Churchill Collegiate Institute
Secondary: PublicDavid and Mary Thomson Collegiate Institute
Secondary: PublicJean Vanier Catholic Secondary School
Secondary: CatholicAgincourt Collegiate Institute
Secondary: Public-
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