$2,400,000
Est. payment /mo
6,805 SqFt
Active
4438 Sheppard AVE E #101 Toronto E07, ON M1S 5V9
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PiToPi
admin@pitopi.com +1(416) 300-8540UPDATED:
01/14/2025 07:39 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
Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6,000+ sq. ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential.
Location
Province ON
County Toronto
Community Agincourt South-Malvern West
Area Toronto
Region Agincourt South-Malvern West
City Region Agincourt South-Malvern West
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
Security Features Yes
Listed by HOMELIFE/LOCAL REAL ESTATE LTD.
First Fully Rewarding Licensed Brokerage | Proudly Canadian
Managing Broker
+1(416) 300-8540 | admin@pitopi.com