$368,000
Available - For Sale
Listing ID: E12498248
3272 Midland Avenue , Toronto, M1V 0C7, Toronto
| Prime Investment Opportunity in Skycity Shopping Centre!Excellent location at the busy intersection of Finch & Midland, within the highly visible Skycity Outdoor Shopping Centre. Steps to TTC and minutes to Hwy 401 & 404. Ample free surface parking available.Ideal for investors seeking a stable tenant and solid return. Buyer to assume the existing 5-year lease (until August 31, 2030).The unit has been fully renovated and equipped for a bubble tea business, which has been successfully operating for almost 10 years. Includes a 2-piece washroom.Current Gross Rent: $2,442.71 + HST / month, Gross Cap Rate: approx. 7.9%Net Cap Rate: approx. 5.7% Fantastic turnkey investment opportunity with a reliable tenant and consistent income in a high-traffic commercial plaza! |
| Price | $368,000 |
| Taxes: | $3965.03 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $351 |
| Occupancy: | Tenant |
| Address: | 3272 Midland Avenue , Toronto, M1V 0C7, Toronto |
| Postal Code: | M1V 0C7 |
| Province/State: | Toronto |
| Legal Description: | Tscp 2124 Level 1 Unit15 |
| Directions/Cross Streets: | Finch & Midland |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Commercial Condo |
| Building Percentage: | F |
| Total Area: | 469.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Franchise: | F |
| Days Open: | O |
| Sprinklers: | Yes |
| Washrooms: | 1 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HOMELIFE NEW WORLD REALTY INC. |
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|
Lynn Tribbling
Sales Representative
Dir:
416-252-2221
Bus:
416-383-9525
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto E07 |
| Neighbourhood: | Milliken |
| Tax: | $3,965.03 |
| Baths: | 1 |
| Fireplace: | N |
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