1802 AVENUE ROAD
Toronto (Bedford Park-Nortown), Ontario
MLS® C12435748
$2,500,000
- Status
- Active
- Property type
- Retail
- MLS® number
- C12435748
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
Listing 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.
Property summary
- MLS® number
- C12435748
- Property type
- Retail
- Square footage
- 2,805 sq ft
- Land size
- 16.01 x 165.21 FT
- Annual property taxes
- $28,025.93
- Parking
- 6 spaces
- Days on market
- 333 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $2,500,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD., TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.