5 - 1680 MIDLAND AVENUE, Toronto (Dorset Park), Ontario, M1P3C6

Property Description

*Only sold together with the adjoining Unit at 1680 Midland Avenue 6 (MLS #E12224300)* 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. Floor plans available upon request. (id:64974)

Quick Facts

• Property Type: Warehouse
• Bedrooms: None
• Bathrooms: 2
• Living Area: 2,750 sq ft (255.5 m²)
• Parking: 7 spaces

Costs

• Annual Taxes: $10,936.96

Listing Provided by: KELLER WILLIAMS ADVANTAGE REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.