1802 Avenue Road, Toronto C04, ON M5M 3Z1

Toronto C04 M5M 3Z1 Ontario

MLS: C12435748

$2,500,000

Added 6 days ago | For Sale

Listed by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

About Property

FOR SALE & LEASE BACK - INVESTOR OPPORTUNITY Step into a space designed for excellence. 1802 Avenue Road is a detached professional building with a usable area of 2,805 SF approximately, over three-levels.TURNKEY MEDICAL INFRASTRUCTURE This property is not another shell unit. The property underwent a comprehensive, custom-designed, high-spec renovation, transforming it into a flagship surgical and wellness center. Designed by a medical practitioner and now home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist.THE PARKING PREMIUM In the Bedford Park pocket, most Avenue Road storefronts have 0-1 spots. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. INVESTMENT PROFILE This turnkey investment structure commands a premium compared to general retail or office shell space.1802 Avenue Road is considered a high-performing medical asset. On closing the seller will enter a triple net head lease on 100% of the building with a minimum 5-year term, providing a 5% yield on Purchase Price.For the investor buyer, the CR3 zoning (2.8x density) may provide a built-in exit strategy. The 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval.

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 16.01 X 165.21
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Deloraine Avenue
  • Basement: ,
  • Possession Date:TBA
  • Annual Property taxes: $28025.93
  • Bedrooms:
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:C12435748

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