20 SHERRY ROAD
Toronto (Clairlea-Birchmount), Ontario
MLS® E12805016
$3,500,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- E12805016
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 10Listing description
Excellent Investment Opportunity In The Heart Of Scarborough's Golden Mile! Located On A Prime Clean Lot Near Warden Ave And Eglinton Ave, This High-Income-Producing, Brand New Free-Standing Industrial Building Offers Approx. 3,750 Sq.
Ft. Of Multi-Tenant Space With Approx. 22-Foot Clear Height.
Featuring 3 Motor Vehicle Service Units, Each Unit Includes Two Large Drive-In Doors, A New Heating & Electrical System, And 3-Phase, 200-Amp, 600-Volt Power. All Units Are Currently Leased, Providing Stable Cash Flow With A Strong Cap Rate, And Significant Upside For Future Income Growth Golden Mile Secondary Plan, Which Will Allow For The Redevelopment Of Land Along The New Crosstown LRT Route, End-User Occupancy, Or Redevelopment Potential. Zoning Allows For A Range Of Uses Including Automotive Service, Repairs, Warehousing, Manufacturing, Distribution, And Offices.
Conveniently Located Steps From TTC Bus Routes, And Surrounded By Complementary Businesses Including Auto Parts Suppliers And Dealerships. Please Do Not Approach Or Disturb Tenants.
Property summary
- MLS® number
- E12805016
- Property type
- Industrial
- Square footage
- 3,750 sq ft
- Land size
- 73.25 x 177.69 FT
- Annual property taxes
- $22,691.70
- Days on market
- 188 days
Features & details
- Heating
- Other
- Cooling
- None
What would this home cost you?
Based on the $3,500,000 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 PROPERTY.CA INC., THORNHILL.
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.