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$ 8,499,000
Est. payment /mo
Active
1270 Woodbine AVE Toronto E03, ON M4C 4E6
22,259 SqFt
UPDATED:
09/17/2024 03:54 PM
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
Listed by MICOR REALTY CORP.