1802 AVENUE ROAD
Toronto (Bedford Park-Nortown), Ontario, M5M3Z1
$2,500,000
Living area
2,805 square feet
Parking
6
About this property
FOR SALE & LEASE BACK - INVESTOR OPPORTUNITY Step into a space designed for excellence. 1802 Avenue Road is a detached professional building with a usable area of 2,805 SF approximately, over three-levels.TURNKEY MEDICAL INFRASTRUCTURE This property is not another shell unit. The property underwent a comprehensive, custom-designed, high-spec renovation, transforming it into a flagship surgical and wellness center. Designed by a medical practitioner and now home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist.THE PARKING PREMIUM In the Bedford Park pocket, most Avenue Road storefronts have 0-1 spots. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. INVESTMENT PROFILE This turnkey investment structure commands a premium compared to general retail or office shell space.1802 Avenue Road is considered a high-performing medical asset. On closing the seller will enter a triple net head lease on 100% of the building with a minimum 5-year term, providing a 5% yield on Purchase Price.For the investor buyer, the CR3 zoning (2.8x density) may provide a built-in exit strategy. The 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval. (id:66779)
Details
- Cooling
- Fully air conditioned
- Heating
- Forced air, Natural gas
- List aor
- Toronto
- Directions
- Deloraine Avenue
- Fireplace
- No
- Water source
- Municipal water
- Tax annual amount
- 28,025.93
- Lot size dimensions
- 16.01 x 165.21 FT
- Zoning description
- CR3(c2;r2.8)*1543)
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