REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,475,000
Est. payment | /mo
2 Baths
2,869 SqFt
$ 1,475,000
Est. payment | /mo
2 Baths
2,869 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,869 sqft
Price per Sqft $514
Subdivision Dorset Park
MLS Listing ID E12224300
Condo Fees $705
Annual Tax Amount $10,992
Tax Year 2024
Property Sub-Type Industrial
Property Description
Only sold together with the adjoining Unit at 1680 Midland Avenue 5 (MLS# E12224270)* 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. The 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 with current zoning allowing for a variety of uses including automotive. Floor plans available upon request.
Location
Province ON
County Toronto
Community Dorset Park
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 28.51
Lot Depth 97.9
Others
Security Features Yes
Listed by KELLER WILLIAMS ADVANTAGE REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "