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1802 Avenue Road
Toronto C04, ON M5M 3Z1
Price
$2,500,000
Building Size
2,805 sq ft
Lot: 2,637 sq ft
MLS# C12435748 | Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Business Details
Business Type
Health & Beauty Related
Property Use
Service
Commercial Space & Financials
Retail Area
2,805 sq ft
Taxes (Annual)
$28,025.93
Industrial Specifications
Parking
6 spaces (None)
Lot Size
16.01' × 165.21'
Structure
Freestanding
Property Description
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 & Status History
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Listing Courtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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