$7,750,000
Status: For Sale
LCBO anchored asset with lease expiring in 2031, boasting 300 feet of frontage on the ground-floor level of the newly constructed Kingston and Co Condominiums. Purchase price includes 52 underground parking stalls. Significant upside via stabilization of parking revenue and lease up of one vacant unit. Diversified tenant roster including the LCBO, F45 Training, Wellbe Wellness, pharmacy, medical clinic, and dental clinic. Very attractive going in cap rate of 7.5%, after lease up of one vacancy. Currently 91% leased. Priced well below replacement cost at $434 PSF.
Property Type | :Commercial |
MLS Number | :E8062226 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :03 Apr, 2024 (30 Days ago) |
Area | :Toronto |
Community | : Birchcliffe-Cliffside |
Postal Code | : M1N 0B3 |
Source | :TRREB |
Price | :$7,750,000 |
Property Taxes | :$163694.00 |
Tax Year | :2023 |
Cross Street | :Blantyre Ave/Kingston |
12 Feb, 2024
TREB #E8062226
Available
$7750000.0
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1100 Kingston Rd offers approx. square footage with ample provisions for quality infrastructure and amenities for the workplace. Check the E8062226 carefully along with the project before checking out how it compares to similar Commercial situated nearby. Enjoy the benefits of reasonable 163694.00 and an attractive 7,750,000 while getting several vibrant Birchcliffe-Cliffside benefits at the same time.
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