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$17,200,000
Status: For Sale
Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$25,000 Net ( 960 Albion) = x 12 =$774,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate, Redevelopment potential of 300 units potential on site and main floor retail
| Property Type | :Commercial |
|---|---|
| MLS Number | :W12230268 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :01 Sep, 2025 (94 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Toronto |
|---|---|
| Postal Code | :
M9V 1A7
|
| Price | : $17,200,000 |
|---|---|
| Property Taxes | :$69251.0 |
| Tax Year | :2024 |
|---|
| Air Conditioning | :Yes |
|---|---|
| Heating | :Gas Forced Air Closed |
| Cross Street | :Islington and Albion Rd |
01 Sep, 2025
TREB #W12230268
Price Change
$17200000.0
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