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.
MLS# | E9259434 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 175 |
Listing Provided By | HOMELIFE/LOCAL REAL ESTATE LTD. | Not Provided |
SQ Feet | 6,805 |
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State | ON |
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County | Toronto |
City | Toronto E07 |
Zip Code | M1S 5V9 |
Area | Agincourt South Malvern West |
Listing VS Median (in M1S 5V9) | |
Price: $2,400,000 low | high Med: $150,000 SqFt: 6,805 low | high Med: 1,537 $ / SqFt: $353 low | high Med: $98 On Site: 175 low | high Med: 29.000000 |