$ 2,400,000
4438 Sheppard AVE E #101 Toronto E07, ON M1S 5V9
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In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,400,000
Est. payment /mo
Active
4438 Sheppard AVE E #101 Toronto E07, ON M1S 5V9
6,805 SqFt
UPDATED:
10/21/2024 10:32 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,805 sqft
Price per Sqft $352
MLS Listing ID E9259434
Condo Fees $7,573
Annual Tax Amount $40,819
Tax Year 2024
Property Description
.This 6,000+ Sq Ft retail space located on the main floor of the Oriental Centre is now available for sale, offering an attractive, hassle-free investment opportunity. With an established tenant in place, the tenant is currently paying net rent of $136,000 annually, providing a solid 6% return, along with covering all T.M.I. (Taxes, Maintenance, and Insurance) expenses. Situated at the highly desirable intersection of Brimley Rd and Sheppard Ave E., this property stands out with a remarkable 10% cap rate. Ample underground and surface parking further enhance the appeal of this investment, allowing you to start earning immediately while enjoying a strong, stable return on your investment.
Location
State ON
County Toronto
Area Agincourt South-Malvern West
Interior
Cooling Yes
Exterior
Utilities Available Available
Parking Type Underground
Others
Security Features Yes
Listed by HOMELIFE/LOCAL REAL ESTATE LTD.