4438 Sheppard Ave E
Toronto, M1S5V9
For Sale
$2,400,000
➧
➧
Multi-Use
CATEGORY6,805 Sq Ft
TOTAL AREAE9259434
MLSIDContact Us
Property Description
Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6,000+ sq. ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential.
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Extras
Do not go direct. PIN NUMBERS: Suite1-2 126440002, Other1 - 1126440001, Other1 - 59126440059
Property Details
Category
Multi-Use
Usage
Retail Store Related
Zoning
Commercial Retail
Total Area
6,805 Sq Ft
Retail Area
6,000 Sq Ft
Taxes
$40,819 (2024)
Air Conditioning
Yes
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Listing contracted with Homelife/Local Real Estate Ltd.
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