1270 Woodbine AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto E03,ON M4C 4E6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 22,259 sqft
Price per Sqft $381
MLS Listing ID E9352757
Annual Tax Amount $42,029
Tax Year 2023
Property Description
Rare opportunity - exceptionally situated with high visibility in a high regentrification area. Redevelopment property with current rental income from a Triple A tenant. Corner location between O'Connor Dr and Danforth Ave, with 179.4 feet of frontage on Woodbine Ave. Approximately 1 km from TTC subway stop. Bousfields planning report suggests a redevelopment of 12-15 storeys. Kirkor massing study also available. 22,000 sqft of land currently improved with a free-standing building of 4,810 sqft, entirely leased (triple net, tenant pays all maintenance and repairs) to THE BEER STORE until 2032, with escalations, and three 5 year extension options. Lease includes provisions for Landlord right to terminate lease at any time, and allowance to build an additional building on site of up to 3,000 sqft. ***assumable mortgage of approximately $3 million @ 3.5%, until 2027.
Location
Province ON
County Toronto
Zoning commercial / mixed use
Interior
Cooling Yes
Exterior
Garage Outside/Surface
Utilities Available Available