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$ 368,000
Est. payment /mo
New
3272 Midland AVE #B117 Toronto, ON M1V 0C7
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Milliken
MLS Listing ID E12498248
Condo Fees $350
Annual Tax Amount $3,965
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime Investment Opportunity in Skycity Shopping Centre!Excellent location at the busy intersection of Finch & Midland, within the highly visible Skycity Outdoor Shopping Centre. Steps to TTC and minutes to Hwy 401 & 404. Ample free surface parking available.Ideal for investors seeking a stable tenant and solid return. Buyer to assume the existing 5-year lease (until August 31, 2030).The unit has been fully renovated and equipped for a bubble tea business, which has been successfully operating for almost 10 years. Includes a 2-piece washroom.Current Gross Rent: $2,442.71 + HST / month, Gross Cap Rate: approx. 7.9%Net Cap Rate: approx. 5.7% Fantastic turnkey investment opportunity with a reliable tenant and consistent income in a high-traffic commercial plaza!
Location
Province ON
County Toronto
Community Milliken
Area Toronto
Interior
Heating Yes
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available
Others
Security Features Yes
ParcelsYN No
Listed by HOMELIFE NEW WORLD REALTY INC.