6,546 ft2
Fully Air Conditioned
Forced Air
$4,600,000
An outstanding investment opportunity for commercial investors seeking a carefree landlord experience. The property is leased to a AAA+ tenant, a licensed childcare center / daycare / Montessori school under the CWELCC program on a Triple Net Lease, meaning the tenant is responsible for property taxes, insurance, and all maintenance costs. The building is well-maintained. This heritage building was relocated to its current site in 2005 by a developer, who undertook major restorations in 2010, including a new foundation, electrical system, plumbing, flooring, and partial exterior brick replacement. Buyers are advised to verify all building details. The tenant owns stoves, refrigerators, washer/dryer, and all chattels. The current triple-net monthly rent is $20,938 (including HST), with a scheduled increase to $22,807 (including HST) in 2028. (id:60626)
Business
|
Business Type
|
Institutional |
|
Business Sub Type
|
School |
Property Details
|
MLS® Number
|
E12051732 |
|
Property Type
|
Retail |
|
Neigbourhood
|
Midtown |
|
Community Name
|
Central East |
|
Features
|
Irregular Lot Size |
Building
|
Age
|
100+ Years |
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Exterior
|
6546.1 Sqft |
|
Size Interior
|
6,546 Ft2 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
129 Ft |
|
Size Frontage
|
174 Ft |
|
Size Irregular
|
0.59 |
|
Size Total
|
0.59 Ac |
|
Size Total Text
|
0.59 Ac |
|
Zoning Description
|
Gc |
