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.
Address
5 - 1680 Midland Avenue
List Price
$1,475,000
MLS® Status
New
Expiration Date
2026-06-14
Property Type
Commercial
Type of Dwelling
Industrial
Transaction Type
Sale
Area
Toronto E04
Sub-Area
Dorset Park
Region
Toronto
Bathrooms
2
Lot Size Source
Other
Lot Type
Unit
Lot Size Units
Feet
Parcel Number
766430005
Total Building Area
2749.86
Occupant Type
Owner
Cross Street
Midland Ave & Ellesmere Rd
MLS® Number
E12224270
Listing Brokerage
KELLER WILLIAMS ADVANTAGE REALTY
Postal Code
M1P 3C6
Parking Spaces
7
Tax Amount
$10,936.96
Tax Year
2024
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
No
Garage Type
None
Tax Legal Description
UNIT 5, LEVEL 1, TORONTO STANDARD CONDOMINIUM PLAN NO. 2643 AND ITS APPURTENANT INTEREST SUBJECT TO AND TOGETHER WITH EASEMENTS AS SET OUT IN SCHEDULE A AS IN AT4825905 CITY OF TORONTO
Security Features
Yes
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