43 - 1388 DON MILLS ROAD, Toronto (Banbury-Don Mills), Ontario, M3B 0A7

$799,000

MLS® # C8444056

Commercial For Sale In Don Mills, Toronto (Banbury-Don Mills), Ontario

$799,000

Property Information:

*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8443996)* 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:27)

Building Features:

  • Style: Retail
  • Building Type: Retail
  • Air Conditioning: Yes
  • Heating Type: Other
  • Heating Fuel: Natural gas
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Retail
  • Bathrooms: 1
  • Zoning: Commercial - Retail
  • Sewer: Sanitary sewer

Courtesy of: KELLER WILLIAMS ADVANTAGE REALTY

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.