1802 Avenue Road, Toronto C04, ON

$2,500,000

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About 1802 Avenue Road

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.

Features of 1802 Avenue Road

MLS® # C12435748
Price $2,500,000
Bathrooms 0.00
Type Commercial
Sub-Type Commercial Retail
Status Active

Community Information

Address 1802 Avenue Road
Area Toronto
Subdivision Bedford Park-Nortown
City Toronto C04
Province ON
Postal Code M5M 3Z1

Amenities

Parking Spaces 6
Garages None
Is Waterfront No

Interior

Heating Gas Forced Air Open
Cooling Yes
Fireplace No

Listing Details

OfficeROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing Map

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