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1680 Midland Ave 5,800 SF Industrial Condo Unit Offered at $2,900,000 CAD in Toronto, ON M1P 3C6
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 6 |
| Cap Rate | 3.50% | Sale Conditions | Lease Option |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Parking Spaces | 6 |
| Sale Conditions | Lease Option |
Sale Notes
*Only sold together with the adjoining Unit at 1680 Midland Avenue 5 (MLS# E8442878)* This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp and currently zoned as a Vehicle Service Shop with floor plans available upon request.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5-6 | 5,800 SF | Industrial | $2,900,000 CAD ($500.00 CAD/SF) | $101,500 CAD |
Unit 5-6
| Unit Size |
| 5,800 SF |
| Condo Use |
| Industrial |
| Price |
| $2,900,000 CAD ($500.00 CAD/SF) |
| NOI |
| $101,500 CAD |
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Unit 5-6
| Unit Size | 5,800 SF |
| Condo Use | Industrial |
| Price | $2,900,000 CAD ($500.00 CAD/SF) |
| NOI | $101,500 CAD |
| Sale Type | Investment |
| Cap Rate | 3.50% |
| No. Parking Spaces | 6 |
| Sale Conditions | Lease Option |
| Sale Notes | |
| *Only sold together with the adjoining Unit at 1680 Midland Avenue 5 (MLS# E8442878)* This owner-occupied industrial warehouse is being offered as a leaseback, generating an attractive cap rate and capital appreciation potential with a 10+5 triple net lease being offered to the purchaser. Current owners run a successful business at the location and are looking to free up capital for expansion. A true chance to set your own returns as an investor as the new lease will be negotiated directly with the current owners of the property. Well designed rectangular layout with front office/reception area with 2 washrooms. 7 exclusive parking spots and included with each unit. Minutes away from 401 On/Off Ramp and currently zoned as a Vehicle Service Shop with floor plans available upon request.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 45,285 SF | Typical Floor Size | 45,285 SF |
| Property Type | Industrial (Condo) | Year Built | 1968 |
| Property Subtype | Warehouse | Lot Size | 2.29 AC |
| Building Class | C | Parking Ratio | 2.38/1,000 SF |
| Floors | 1 | ||
| Zoning | E - Industrial | ||
| Total Building Size | 45,285 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 45,285 SF |
| Year Built | 1968 |
| Lot Size | 2.29 AC |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | E - Industrial |
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
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1680 Midland Ave
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