1 Bathroom
539 sqft
Fully Air Conditioned
Other
$799,000
*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8444056)* This owner-occupied retail property is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request. (id:31697)
Business
|
BusinessType
|
Retail and Wholesale |
|
BusinessSubType
|
Retail misc. |
Property Details
|
MLS® Number
|
C8443996 |
|
Property Type
|
Retail |
|
Community Name
|
Banbury-Don Mills |
Building
|
BathroomTotal
|
1 |
|
CoolingType
|
Fully Air Conditioned |
|
HeatingFuel
|
Natural Gas |
|
HeatingType
|
Other |
|
SizeInterior
|
539 Sqft |
|
Type
|
Retail |
|
UtilityWater
|
Municipal Water |
Land
|
Acreage
|
No |
|
ZoningDescription
|
Commercial - Retail |
https://www.realtor.ca/real-estate/27045566/c102-10-mallard-road-toronto-banbury-don-mills-banbury-don-mills
