6
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$14,888,000
Est. payment /mo
31,350 SqFt
New
950 Albion RD E Toronto W10, ON M9V 1A7
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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
Lot Frontage 506.02
Lot Depth 31350.0
Listed by RIGHT AT HOME REALTY