773 WARDEN AVENUE, Toronto (Clairlea-Birchmount), Ontario, M1L4C2

Property Description

Excellent Investment Opportunity In The Heart Of Scarborough's Golden Mile! Located On A Prime Lot Near Warden Ave And Eglinton Ave, This High-Income-Producing, Free-Standing Industrial Building Offers Approx. 2.33 Acres. Of Land With Multi-Tenant Spacse With Approx. 20-Foot Clear Height. Featuring Multiple Motor Vehicle Service Units, Office Units, And Retail Spaces. Each Unit Includes Multiple Large Drive-In Doors All Units Are Currently Leased, Providing Stable Cash Flow With A Strong Cap Rate You Won't Find Anywhere Else, And Significant Upside For Future Income Growth With The Golden Mile Secondary Plan, Which Will Allow For The Redevelopment Of Land Along The New Crosstown LRT Route, End-User Occupancy, Or Redevelopment Potential. Zoning Allows For A Range Of Uses Including Automotive Service, Repairs, Warehousing, Manufacturing, Distribution, And Offices. Conveniently Located Steps From TTC Bus Routes, And Surrounded By Complementary Businesses Including Auto Parts Suppliers And Dealerships. Please Do Not Approach Or Disturb Tenants. (id:64974)

Quick Facts

• Property Type: Multi-Tenant Industrial
• Bedrooms: None
• Bathrooms: None
• Living Area: 2 sq ft (0.2 m²)
• Lot Size: 2.3300 acres (0.94 ha)
• Frontage: 187 ft (57 m)

Costs

• Annual Taxes: $69,940.00

Listing Provided by: PROPERTY.CA INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.