$1,427,000
Status: For Sale
Notable corner between Royal York and Islington. 100% occupied by national tenant (Money Mart). Single storey building plus basement, with Committee of Adjustments Approval for 2nd & 3rd floor additions, with up to 8 self contained apartments. Potential to build with cash flow from retail tenant. Rental income $36,729/annum NET plus TMI, with current rent renewal in progress for 5 year option term. Great rear parking with large frontage and amazing corner exposure. Carefree net lease investment. Full height Lower Level is presently vacant & not included in Money Mart Lease. Lease out and increase NOI if separate entranceway to lower level built. Money Mart Lease Final Extension Renewed until March 2028 at rents averaging $59,200 per annum NET.
| Property Type | :Commercial |
| MLS Number | :W7276906 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :19 Apr, 2024 (5 Days ago) |
| Area | :Toronto |
| Community | : New Toronto |
| Property Location | :Lake Shore W & Islington Ave |
| Postal Code | : M8V 1H5 |
| Source | :TRREB |
| Price | :$1,427,000 |
| Property Taxes | :$16928.12 |
| Tax Year | :2023 |
| Cross Street | :Lake Shore W & Islington Ave |
| Fireplace/Stove | :No |
19 Apr, 2024
TREB #W7276906
Available
$1427000.0
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