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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 | :20 Sep, 2024 (47 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M3B 0A7
|
| 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
