43 - 1388 Don Mills Road Toronto, Ontario M3B 0A7
$799,000
*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8443996)* This owner-occupied retail property is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request. (id:27910)
Property Details
| MLS® Number | C8444056 |
| Property Type | Retail |
| Community Name | Banbury-Don Mills |
Building
| Bathroom Total | 1 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 550 Sqft |
| Type | Retail |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
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June 14 2024 11:30:41
Toronto Real Estate Board
Keller Williams Advantage Realty