Kandarp Pancholi

1680 Midland Avenue 5, Toronto E04, ON M1P 3C6, Toronto E04, M1P 3C6 , ON

Price:

$1475000.0

Status:

Industrial Commercial

MLS#:

E12224270

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$1475000.0

Tax:

10936.96(2024)

Community:

City:

Toronto E04

Total Area
Water
IndustrialType
398.04 Office Area
Basement
Garage

Interior:

Fireplace

Exterior:

Brick

Heating:

Forced Air

Lot Features:

Public Transit, Ravine, River/Stream, Wooded/Treed

Listing Contracted with: KELLER WILLIAMS ADVANTAGE REALTY

Description:

PRICE DECREASE with further potential to negotiate price. 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 zoning allowing for a variety of uses including automotive.

Highlights:

Industrial E12224270 7