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$1,549,000
Available - For Sale
Listing ID: E8442878
*Only sold together with the adjoining Unit at 1680 Midland Avenue 6 (MLS #E8443556)* 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.
Price $1,549,000
Taxes: $10,936.96
Tax Type: Annual
Occupancy by: Owner
Address: 1680 Midland Ave , Unit 5, Toronto, M1P 3C6, Ontario
Apt/Unit: 5
Postal Code: M1P 3C6
Province/State: Ontario
Legal Description: UNIT 5, LEVEL 1, TORONTO STANDARD CONDOM
Lot Size: 28.35 x 97.41 (Feet)
Directions/Cross Streets: Midland Ave & Ellesmere Rd
Zoning: E 0.7 (x192)
Category: Industrial Condo
Use: Warehousing
Building Percentage: N
Total Area: 2,749.86
Total Area Code:  Sq Ft
Office/Appartment Area: 398
Office/Appartment Area Code: Sq Ft
Industrial Area: 2352
Office/Appartment Area Code: Sq Ft
Financial Statement: N
Chattels: N
Franchise: N
Employees #: 5
LLBO: N
Sprinklers: Y
Rail: N
Clear Height Feet: 13
Truck Level Shipping Doors #: 0
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 1
  Height Feet: 10
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: N
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KELLER WILLIAMS ADVANTAGE REALTY

1680 Midland Ave , Unit 5, Toronto, M1P 3C6, Ontario


 
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At a Glance:
Type: Com - Industrial
Area: Toronto
Municipality: Toronto
Neighbourhood: Dorset Park
Style:
Lot Size: 28.35 x 97.41(Feet)
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Tax: $10,936.96
Maintenance Fee: $0
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Baths: 2
Garage: 0
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