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


HIGHLIGHTS

  • Extensivley renovated to premium standard.
  • Fully renovated medical building with high-spec finishes and modern design.
  • Located in Bedford Park, steps from upscale retail, dining, and services.
  • Easy access to Highway 401 and downtown Toronto within 20 minutes.

OVERVIEW

FOR SALE & LEASE BACK INVESTOR OPPORTUNITY 1802 Avenue Road represents a rare opportunity to acquire a stabilized, high-yield medical asset in one of Toronto’s most affluent residential nodes. 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. This lower cap rate reflects the high-ranking covenant safety of the medical tenant class. The 5% yield reflects that medical tenants rarely default or relocate due to the high cost of moving specialized equipment. The Building - Step into a space designed for excellence. 1802 Avenue Road is a detached professional building that balances modern clinical requirements with the warmth of a boutique clinic. With usable area of 2,805 SF approximately, over three-levels, the building is home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist. 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 currently occupied and operating as an elite and exclusive medical specialist clinic. For the investor buyer the CR3 Zoning (2.8x density) may provide a built-in exit strategy. While the current building is a high performer, the 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval. The Parking Premium - In the Bedford Park pocket, commercial parking is at a critical deficit. Most Avenue Road storefronts have 0–1 spaces. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. LOCATION & NEIGHBOURHOOD - The Avenue Road on-ramp to Highway 401 is 1 KM. north and downtown Toronto is within approx. 20-minutes. Join an elite circle of businesses. Located in the heart of Bedford Park just steps away from Pusateri’s Fine Foods, Ambrosia Natural Foods, amongst many shops, services and dining venues lining Avenue Road. The prestigious Havergal College, Toronto Cricket Club and Rosedale Golf Club are conveniently nearby.

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 NAME

FOR SALE & LEASE BACK- Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

6

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 ServicesMore Info
416-294-2022

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George ChambersRoyal LePage Real Estate ServicesMore Info
416-294-2022

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