1802 Avenue Rd - Storefront FOR SALE


Toronto, ON M5M 3Z1- Bedford Park-Nortown
$2,500,000 CAD
416-294-2022
1802 Avenue Rd, Toronto, ON for Sale
$2,500,000 CAD
Storefront - FOR SALE
1/5
null | 5% Cap Rate

1802 Avenue Rd
Toronto, ON M5M 3Z1
Bedford Park-Nortown


OVERVIEW

FOR SALE - USER / INVESTOR OPPORTUNITY VACANT POSSESSION CAN BE ARRANGED. Presently configured as a prestigious and prominent plastic surgeon's clinic, with ancillary services including a cosmetic & laser clinic and a massage therapy clinic, this unique custom-designed, specialty-use medical building provides an unrivaled opportunity for the discerning investor. INVESTMENT HIGHLIGHT This extensively renovated and upgraded medical building, with rentable area of 2,805 SF approximately, is 100% occupied by established medical service practitioners and provides a high-performing asset, characterized by a strong net operating income. On closing, a new 5-year lease term will be in place, providing a 5% yield on asking price. Located in the heart of Toronto's exclusive Bedford Park. The immediate community is home to artisanal gourmet grocery favorites Ambrosia, and Pusateri's amongst many shops, services and dining venues lining Avenue Road. The prestigious Havergal College, Toronto Cricket Club and Rosedale Golf Club are conveniently nearby. The Yonge Street on-ramp to Highway 401 is within a few minutes drive and downtown Toronto within approx. 25-minutes. Established in 2009, the clinic includes three distinguished medical service providers: Ground Floor: Avenue Plastic Surgery (avenueplasticsurgery.ca) Second Floor: Cosmetic & Laser Clinic (avivaclinic.ca) Lower Level: Massage Therapy Clinic (diegoricetto.com).

FOR SALE DETAILS

PRICE

$2,500,000 CAD

PRICE/SF

$891 CAD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

CR 3.0

APN/PARCEL ID

190806223002300

ASK ABOUT THIS PROPERTY

George ChambersRoyal LePage Real Estate Services LtdMore Info
416-294-2022

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George ChambersRoyal LePage Real Estate Services LtdMore Info
416-294-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.