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$11,900,000
Est. payment /mo
25,663 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 25,663 sqft
Price per Sqft $463
Subdivision Dorset Park
MLS Listing ID E12255216
Annual Tax Amount $82,126
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Corner Retail Plaza with Midland Ave Exposure. Exceptional user/investment opportunity in prime Scarborough location. This 5-unit plaza is currently 100% leased to a strong mix of tenants, including well-known national brands. Immediate income with significant near-term rent upside Low Weighted Average Lease Term (WALT) of just 1.1 years and the potential for 30% vacancy by December 31, 2025, offers remarkable flexibility for users or investors. $100,000+ spent on recent renovations (new signage and siding). Dual street access. Minutes to Highway 401, DVP. TTC at doorstep. 2025 Environmental Phase 1 & 2 and Building Condition reports available upon signing confidentiality agreement.
Location
Province ON
County Toronto
Community Dorset Park
Area Toronto
Zoning Commercial Residential
Interior
Cooling Yes
Inclusions All Information To Be Verified By The Buyer.
Exterior
Utilities Available Yes
Lot Frontage 258.0
Lot Depth 251.0
Others
Security Features Yes
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Listed by JONES LANG LASALLE REAL ESTATE SERVICES, INC.