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Investment Highlights
- Currently leased at $6300 per month
- 4,217 sq ft total with 2 floors
- Lease current through June of 2027
Executive Summary
Built in 1980, this well-maintained two-story medical office building is designed for both operational efficiency and a professional patient experience. The first floor offers a quiet, patient-focused environment, while the second floor provides additional office and support space. A large reception and waiting area is designed to comfortably accommodate high patient volume, and the ground-floor front entrance allows easy access for patients of all ages and mobility levels. Recent capital improvements include one HVAC unit replaced in 2020 and a second in 2022, a shingle roof installed around 2020, interior and exterior painting, and electrical updates completed shortly after purchase. The reception area also features glass protection at check-in, providing an added layer of separation for patient-facing operations.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,217 SF
Building Class
C
Year Built/Renovated
1980/2009
Price
$1,301,458 CAD
Price Per SF
$308.62 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,109 SF
Building FAR
0.22
Lot Size
0.44 AC
Zoning
OI - Zoning OI, or Office-Institutional zoning, is a land use designation that allows for office and institutional uses
Parking
20 Spaces (4.74 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 0P044020A000 | Improvements Assessment | $186,668 CAD |
| Land Assessment | $30,152 CAD | Total Assessment | $216,819 CAD |
Property Taxes
Parcel Number
0P044020A000
Land Assessment
$30,152 CAD
Improvements Assessment
$186,668 CAD
Total Assessment
$216,819 CAD
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1057 Morningside Dr
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