$2,500,000
Available - For Sale
Listing ID: C12435748
1802 Avenue Road , Toronto, M5M 3Z1, Toronto
| 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: | $28025.93 |
| Tax Type: | Annual |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Service |
| Use: | Health & Beauty Related |
| Building Percentage: | T |
| Total Area: | 2805.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto C04 |
| Neighbourhood: | Bedford Park-Nortown |
| Tax: | $28,025.93 |
| Fireplace: | N |
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