06-1680 Midland Avenue, Toronto | Image 1

06-1680 Midland Avenue

Toronto, Dorset Park

  • Commercial

$1,549,000
For Sale

Added 6 months ago

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  • Type: Industrial

  • Property Type: Commercial

  • Business Type: Warehousing

  • Zoning: E 0.7 (x192)

  • Age: No Data

  • Taxes: 10992.3

  • MLS®#: E8443556

  • Days on Site: 4 Days

  • Added: Jun 14, 2024 (6 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: KELLER WILLIAMS ADVANTAGE REALTY

*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.

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 6, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2643 AND

  • Taxes: $10,992

  • Commercial Condo Fees: 706

  • Taxes Type: Annual

Land

  • Cross Street: Midland Avenue & Ell

  • Municipality District: Toronto E04

  • Parcel Number: 766430006

  • Sewer: Sanitary

  • Lot Depth: 97.9 Feet

  • Lot Frontage: 28.51 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: 2869

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 2461

  • Industrial Area Metric: Sq Ft

  • Office Size: 408

  • Office Size Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: N

  • Lot Code: Unit

  • Financial Statement: N

Map of 06-1680 Midland Avenue, Toronto
JK-8

Dorset Park Public School

Elementary: Public
1.29 km
JK-8

Edgewood Public School

Elementary: Public
0.87 km
JK-8

St Victor Catholic School

Elementary: Catholic
1.39 km
7-8

Charles Gordon Senior Public School

Elementary: Public
1.56 km
JK-8

St Lawrence Catholic School

Elementary: Catholic
1.39 km
JK-8

Donwood Park Public School

Elementary: Public
0.58 km
Pre-Grade 9-12

Alternative Scarborough Education 1

Secondary: Public
1.43 km
9-12

Bendale Business & Technical Institute

Secondary: Public
0.52 km
9-12

Winston Churchill Collegiate Institute

Secondary: Public
1.40 km
Pre-Grade 9-12

David and Mary Thomson Collegiate Institute

Secondary: Public
0.95 km
9-12

Jean Vanier Catholic Secondary School

Secondary: Catholic
2.46 km
9-12

Agincourt Collegiate Institute

Secondary: Public
3.43 km
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