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$2,500,000
Available - For Sale
Listing ID: C12435748
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.
Price $2,500,000
Taxes: $28,025.93
Tax Type: Annual
Occupancy by: Owner
Address: 1802 Avenue Road , Toronto, M5M 3Z1, Toronto
Postal Code: M5M 3Z1
Province/State: Toronto
Legal Description: PT LT 45-48 PL 1706 TWP OF YORK AS IN NY
Directions/Cross Streets: Deloraine Avenue
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Category: Service
Use: Health & Beauty Related
Building Percentage: T
Total Area: 2,805
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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ROYAL LEPAGE REAL ESTATE SERVICES LTD.

1802 Avenue Road , Toronto, M5M 3Z1, Toronto

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Maria Tompson
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416-548-7854
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Fax:
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At a Glance:
Type: Com - Commercial Retail
Area: Toronto
Municipality: Toronto C04
Neighbourhood: Bedford Park-Nortown
Style:
Lot Size: x 165.21(Feet)
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Tax: $28,025.93
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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