950 Albion RD E Active

Toronto W10,ON M9V 1A7

$ 14888000

- Bed

- Bath

31350 SqFt


Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 31,350 sqft

Price per Sqft $474

Subdivision Thistletown-Beaumonde Heights

MLS Listing ID W12230268

Annual Tax Amount $69,251

Tax Year 2024

Property Sub-Type Investment

Property Description

Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$15,000 Net ( 960 Albion) = x 12 =$654,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate, Redevelopment potential of 300 units potential on site and main floor retail

Location

Province ON

County Toronto

Community Thistletown-Beaumonde Heights

Area Toronto

Interior

Cooling Yes

Exterior

Utilities Available Available

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