1802 AVENUE ROAD, Toronto (Bedford Park-Nortown), Ontario, M5M3Z1

Property Description

FOR SALE - USER / INVESTOR OPPORTUNITY VACANT POSSESSION CAN BE ARRANGED. Presently configured as a prestigious and prominent plastic surgeon's clinic, with ancillary services including a cosmetic & laser clinic and a massage therapy clinic, this unique custom-designed, specialty-use medical building provides an unrivaled opportunity for the discerning investor. INVESTMENT HIGHLIGHT This extensively renovated and upgraded medical building, with rentable area of 2,805 SF approximately, is 100% occupied by established medical service practitioners and provides a high-performing asset, characterized by a strong net operating income.On closing, a new 5-year lease term will be in place, providing a 5% yield on asking price. Located in the heart of Toronto's exclusive Bedford Park. The immediate community is home to artisanal gourmet grocery favorites Ambrosia, and Pusateri's amongst many shops, services and dining venues lining Avenue Road. The prestigious Havergal College, Toronto Cricket Club and Rosedale Golf Club are conveniently nearby. The Yonge Street on-ramp to Highway 401 is within a few minutes drive and downtown Toronto within approx. 25-minutes. Established in 2009, the clinic includes three distinguished medical service providers: Ground Floor: Avenue Plastic Surgery (avenueplasticsurgery.ca) Second Floor: Cosmetic & Laser Clinic (avivaclinic.ca) Lower Level: Massage Therapy Clinic (diegoricetto.com). (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 2,805 sq ft (260.6 m²)
• Parking: 6 spaces
• Frontage: 16 ft (4.9 m)

Costs

• Annual Taxes: $28,025.93

Listing Provided by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.