6% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 on the ground floor unit. 3 Apartments on the upper floor. Each unit approx 600-700sqft. 6 Parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. Restaurant premise is approx 2000sqft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers and storage. 2nd floor with 3 two bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well maintained building and Turn-key investment. Roof replaced 2012. Viewings are by appointment only through listing agent. Please respect the restaurant business thats in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. Questions through listing agent directly please. (id:2493)More details
New Build on Merivale and Jamie. Occupancy Spring 2023. 8305 SQFT of storefront retail, light industrial space for 1 tenant, or as two sections: 4190 SQFT and 4115 SQFT, for max 2 tenants, both with attractive entrances as possible showrooms. AM10 zoning code. Base rent is $25 PSF plus additional rent TBD. Ideally 10-year term preferred. Will consider 5+5. Building size is 200FT x 45FT. Generous parking, including gated compound, two bay doors, 22ft clear height ceilings, tinted windows, signage and base building finishing. Electrical service will be 600amp 120/208v per suite. 3 phase power can be installed. Tenant to be responsible for all: hydro, gas, water, snow & lawn maintenance and taxes, insurance and maintenance contract for HVAC with inspections 2/year. Please wear steel toe boots and hardhat when visiting this property. (id:2493)More details
Data was last updated February 1, 2023 at 02:15 PM (UTC)
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