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$ 3,300,000
Est. payment /mo
Active
20 Sherry RD Toronto E04, ON M1L 4J5
3,750 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,750 sqft
Price per Sqft $880
Subdivision Clairlea-Birchmount
MLS Listing ID E12139903
Building Age 16-30
Annual Tax Amount $18,053
Tax Year 2024
Property Sub-Type Investment
Property Description
Excellent Investment Opportunity In The Heart Of Scarboroughs Golden Mile! Located On A Prime Clean Lot Near Warden Ave And Eglinton Ave, This High-Income-Producing, Brand New Free-Standing Industrial Building Offers Approx. 3,750 Sq. Ft. Of Multi-Tenant Space With Approx. 22-Foot Clear Height. Featuring 3 Motor Vehicle Service Units, Each Unit Includes Two Large Drive-In Doors, A New Heating & Electrical System, And 3-Phase, 200-Amp, 600-Volt Power. All Units Are Currently Leased, Providing Stable Cash Flow With A Strong Cap Rate, And Significant Upside For Future Income Growth, End-User Occupancy, Or Redevelopment Potential. Zoning Allows For A Range Of Uses Including Automotive Service, Repairs, Warehousing, Manufacturing, Distribution, And Offices. Conveniently Located Steps From TTC Bus Routes, And Surrounded By Complementary Businesses Including Auto Parts Suppliers And Dealerships. Please Do Not Approach Or Disturb Tenants.
Location
Province ON
County Toronto
Community Clairlea-Birchmount
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 73.25
Lot Depth 177.69
Others
Security Features No
Listed by PROPERTY.CA INC.