$2,400,000
( $352.68Per Sq Foot )
 $12,884 est/mo Sourced by Back At You

#101 - 4438 Sheppard Avenue , Toronto E07, ON M1S 5V9

Toronto E07, ON M1S 5V9

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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.

Details

MLS#E9259434
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site175
Listing Provided ByHOMELIFE/LOCAL REAL ESTATE LTD. | Not Provided

Features

SQ Feet6,805
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 3 hours ago
StateON
CountyToronto
CityToronto E07
Zip CodeM1S 5V9
AreaAgincourt South Malvern West
Listing VS Median (in M1S 5V9)
Price:
$2,400,000
low | high
Med:
$150,000
100% of Average
SqFt:
6,805
low | high
Med:
1,537
100% of Average
$ / SqFt:
$353
low | high
Med:
$98
100% of Average
On Site:
175
low | high
Med:
29.000000
100% of Average
Sourced by Back At You
Listing Updated: January 31, 2025 at 10:06:35 AM PST