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$2,100,000
Status: OFF MARKET
Updated And Fully Leased Corner Property With 3 Commericial and 1 Residential Tenant + Signage Income From Billboard. Property Generates Approx $88K Gross Income In Year 1, For Approx $75K Net income (Buyer To Verify). Rent Escalates Year Over Year And All Commercial Tenants Are In First Year Of Their 5 Year Term. Residential Tenant Occupies Large Renovated 3 Bedroom Apartment On 2nd Floor With Covered Deck/Terrace And Pays $3,500.00 Per Month + Hydro. Billboard Is Generating $2,850/yr With Escalations. Year 2 Net Rent Is Appprox $80K, Year 3 $85K, Year 4 $90K, Year 5 $95K. Must Be Sold Together With 368 Oakwood Ave MLS #C7332682
| Property Type | :Commercial |
|---|---|
| MLS Number | :C7332672 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :27 Mar, 2024 (913 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M6E 1N4
|
| Price | : $2,100,000 |
|---|---|
| Property Taxes | :$9111.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Rogers Rd/Oakwood Ave |
|---|
| Fireplace/Stove | :Yes |
|---|
30 Nov, 2023
TREB #C7332672
Available
$2100000.0
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