1802 AVENUE ROAD

  • 7 months ago
RetailOntarioToronto (Bedford Park-Nortown)M5M3Z11802 Avenue Road, Toronto (Bedford Park-Nortown), Ontario, Canada, M5M3Z1

1802 Avenue Road, Toronto (Bedford Park-Nortown), Ontario, Canada, M5M3Z1

1802 Avenue Road, Toronto (Bedford Park-Nortown), Ontario, Canada, M5M3Z1

Basics

  • Date added: Added 7 months ago
  • Category:
  • Area: 2805 sq ft
  • Lot size: 0 sq ft
  • SubdivisionName: Bedford Park-Nortown
  • ListOfficeName: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
  • MLS ID: C12435748

Description

  • 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. (id:62692)

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Building Details

  • ParkingTotal: 6
  • Heating: Forced air

Amenities & Features

  • Waterfront available: No
  • OpenParkingYN: No
  • AttachedGarageYN: No
  • GarageYN: No
  • CarportYN: No
  • PoolYN: No
  • CoolingYN: Yes
  • Cooling: Fully air conditioned
  • Total Fireplaces: 0

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