Added 6 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Zoning: Commercial Retai
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Age: No Data
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Taxes: 16928.12
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MLS®#: W7276906
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Days on Site: 168 Days
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Added: Nov 03, 2023 (6 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: CUSHMAN & WAKEFIELD
Notable corner between Royal York and Islington. 100% occupied by national tenant (Money Mart). Single storey building plus basement, with Committee of Adjustments Approval for 2nd & 3rd floor additions, with up to 8 self contained apartments. Potential to build with cash flow from retail tenant. Rental income $36,729/annum NET plus TMI, with current rent renewal in progress for 5 year option term. Great rear parking with large frontage and amazing corner exposure. Carefree net lease investment. Full height Lower Level is presently vacant & not included in Money Mart Lease. Lease out and increase NOI if separate entranceway to lower level built. Money Mart Lease Final Extension Renewed until March 2028 at rents averaging $59,200 per annum NET.
Extras
Steps to Humber College and direct access to Gardiner Exp. Growing node surrounded by new residential developments and popular neighbourhood retail.
Property
Status: Sale
Property Type: Commercial/Retail
Property Type: Retail
Area: Toronto
Community: New Toronto
Availability Date: Immediate
Inside
Air Conditioning: Y
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Taxes: $16,928
Taxes Type: Annual
Land
Cross Street: Lake Shore W & Islin
Municipality District: Toronto W06
Sewer: San+Storm
Lot Depth: 100.14 Feet
Lot Frontage: 24.53 Feet
Zoning: Commercial Retai
Commercial Specific
Rail: N
Retail Area: 1346
Retail Area Metric: Sq Ft
Sprinklers: Y
Total Area: 2692
Total Area Metric: Sq Ft
Industrial Area Metric: %
Lot Code: Lot
The Holy Trinity Catholic School
Elementary: CatholicSeventh Street Junior School
Elementary: PublicSt Teresa Catholic School
Elementary: CatholicSt Leo Catholic School
Elementary: CatholicSecond Street Junior Middle School
Elementary: PublicJohn English Junior Middle School
Elementary: PublicEtobicoke Year Round Alternative Centre
Secondary: PublicLakeshore Collegiate Institute
Secondary: PublicEtobicoke School of the Arts
Secondary: PublicEtobicoke Collegiate Institute
Secondary: PublicFather John Redmond Catholic Secondary School
Secondary: CatholicBishop Allen Academy Catholic Secondary School
Secondary: Catholic
