3272 Midland Avenue B117, Toronto E07, ON M1V 0C7

Toronto E07 M1V 0C7 Ontario

MLS: E12498248

$368,000

Added 16 hours ago | For Sale

Listed by: HOMELIFE NEW WORLD REALTY INC.

About Property

Prime Investment Opportunity in Skycity Shopping Centre!Excellent location at the busy intersection of Finch & Midland, within the highly visible Skycity Outdoor Shopping Centre. Steps to TTC and minutes to Hwy 401 & 404. Ample free surface parking available.Ideal for investors seeking a stable tenant and solid return. Buyer to assume the existing 5-year lease (until August 31, 2030).The unit has been fully renovated and equipped for a bubble tea business, which has been successfully operating for almost 10 years. Includes a 2-piece washroom.Current Gross Rent: $2,442.71 + HST / month, Gross Cap Rate: approx. 7.9%Net Cap Rate: approx. 5.7% Fantastic turnkey investment opportunity with a reliable tenant and consistent income in a high-traffic commercial plaza!

Features

  • House Style:Commercial Retail
  • Bathrooms:1
  • Land Size:
  • Water:Municipal
  • Garage Spaces: /Plaza
  • Driveway:
  • Heating Fuel:
  • Cross Street:Finch & Midland
  • Basement: ,
  • Possession Date:
  • Annual Property taxes: $3965.03
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:E12498248

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