FOR SALE & LEASE BACK - INVESTOR OPPORTUNITY Step into a space designed for excellence. 1802 Avenue Road is a detached professional building with a usable area of 2,805 SF approximately, over three-levels.TURNKEY MEDICAL INFRASTRUCTURE This property is not another shell unit. The property underwent a comprehensive, custom-designed, high-spec renovation, transforming it into a flagship surgical and wellness center. Designed by a medical practitioner and now home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist.THE PARKING PREMIUM In the Bedford Park pocket, most Avenue Road storefronts have 0-1 spots. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. INVESTMENT PROFILE This turnkey investment structure commands a premium compared to general retail or office shell space.1802 Avenue Road is considered a high-performing medical asset. On closing the seller will enter a triple net head lease on 100% of the building with a minimum 5-year term, providing a 5% yield on Purchase Price.For the investor buyer, the CR3 zoning (2.8x density) may provide a built-in exit strategy. The 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval. (id:13843)
| MLS # | C12435748 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 353 |
| Listing Provided By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. | GEORGE WOODLAND CHAMBERS |
| SQ Feet | 2,805 |
|---|---|
| Zoning | CR3(c2;r2.8)*1543) |
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
| Parking Total | 6 |
|---|
| Water Source | Municipal water |
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| Tax Annual Amount | 28025.93 |
|---|
| Province | ON |
|---|---|
| City | Toronto (Bedford Park-Nortown) |
| Postal Code | M5M3Z1 |
| Province | ON |
|---|---|
| City | Toronto (Bedford Park-Nortown) |
| Postal Code | M5M3Z1 |