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$799,000
Status: For Sale
*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8444056)* This owner-occupied retail property 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. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request.
Property Type | :Commercial |
MLS Number | :C8443996 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :17 Jun, 2024 (14 Days ago) |
Area | :Toronto |
Community | : Banbury-Don Mills |
Postal Code | : M3B 0A7 |
Source | :TRREB |
Price | :$799,000 |
Property Taxes | :$6602.76 |
Tax Year | :2023 |
Cross Street | :York Mills Rd & Don Mills Rd |
14 Jun, 2024
TREB #C8443996
Available
$799000.0