-- Commercial Property
-- 31 Commercial Condominium Units
-- 79 Underground Parking & 3 Storage Units
-- 33, 109 Square Feet
This amazing commercial property is located in the vibrant area of North York, just a stone's throw away from Keele and Hwy401! And that's not all! With 31 first-floor commercial condominium units, covering approximately 33, 109 square feet and built around 2006, this property is a true gem. It also includes 79 underground parking spaces, three storage units, and nine outdoor advertising spaces. What's more, roughly half of the total area is designated for clinics and other medical services, making it the perfect location for healthcare professionals.
And with 11 commercial tenants already renting 16 units, this property is a hot spot for businesses looking to thrive! Wow! The Mennonite New Life Center, a government agency, currently rents 6 units comprising 8, 563 square feet. There are currently 11, 247 square feet of vacant space available for either personal use or rental. And guess what?
But wait, there's more! And get this, the current net income is $527, 528, and the property's current market value, as of the June 2023 assessment report, is a whopping $19, 352, 000! But that's not all, if all remaining units are rented out, the net income could increase to approximately $958, 551! The seller is willing to lend $7, 000, 000 to qualified buyers. This is an amazing opportunity!
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.