1270 Woodbine Ave

Toronto E03 | Danforth Village-East York | M4C 4E6
  • 22259.75 sqft
  • 0 gar

$8,499,000

Est. Mtg $28,818 /mo
  • Days on market

    19

  • Status

    A

Listing Broker MICOR REALTY CORP.
Since listed: 0 views

Home details

MLS #:

E9352757

Property type:
Investment
Style:
Taxes:
$42,029
Possession:
TBA
Condo Fee:
Lot Size:
179.4 X 125.18
Zoning:
commercial / mixed use
Use:
Heat:
Gas Forced Air Closd

Description


1270 Woodbine Ave, , Toronto, Ontario is a Investment property in Toronto E03 and in the Danforth Village-East York community in the M4C 4E6 postal code


Rare opportunity - exceptionally situated with high visibility in a high regentrification area. Redevelopment property with current rental income from a Triple A tenant. Corner location between O'Connor Dr and Danforth Ave, with 179.4 feet of frontage on Woodbine Ave. Approximately 1 km from TTC subway stop. Bousfields planning report suggests a redevelopment of 12-15 storeys. Kirkor massing study also available. 22,000 sqft of land currently improved with a free-standing building of 4,810 sqft, entirely leased (triple net, tenant pays all maintenance and repairs) to THE BEER STORE until 2032, with escalations, and three 5 year extension options. Lease includes provisions for Landlord right to terminate lease at any time, and allowance to build an additional building on site of up to 3,000 sqft. ***assumable mortgage of approximately $3 million @ 3.5%, until 2027..

Extras

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Payment calculator

$32321 monthly. In association with: TD Bank
%
  • Principal and Interest
    28818 /mo
  • Property Taxes
    $3502 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Palma Dametto, Realtor

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