1388 Don Mills Rd

Toronto, M3B0A7
For Sale
$799,000
1388 Don Mills Rd, Toronto
1388 Don Mills Rd
Commercial Condo
CATEGORY
550 Sq Ft
TOTAL AREA
C8444056
MLSID
Contact Us
Property Description
*Only sold together with the adjoining Unit at 1388 Don Mills Rd Unit 43 (MLS# C8443996)* This owner-occupied retail property 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. Base case rent at the current list price would generate a capitalization rate of 5%! Ample parking with consistent foot traffic from the LA fitness across the street. Minutes away from 401 and Don Valley Parkway On/Off Ramp, Shops at Don Mills and Don Mills TTC Station. In the heart of the prestigious Banbury Don Mills neighbourhood where the average annual household income is over $160,000. Floor plans available upon request.
Property Details
Category
Commercial Condo
Zoning
Commercial Retail
Total Area
550 Sq Ft
Retail Area
550 Sq Ft
Taxes
$6,750 (2023)
Washrooms
1
Air Conditioning
Yes
Listing contracted with Keller Williams Advantage Realty
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