Excellent investment opportunity in the heart of Bells Corners for owning a retail plaza located on a very high traffic street, near the Old Richmond Rd intersection... Well maintained two-story building with basement, nice curb appeal, good signage & visibility, and 14 parking spots... AM zoned (Arterial Mainstreet) that allows for a variety of uses... The ground retail floor with the basement offers approximately 3545 sqft that consists of 3 retail units ( smoke shop, barbershop, and beauty salon tenants). The upper floor offers approximately 2231 sqft that consists of 5 office units (message, computer(2 units), spa, and a vacant unit)... Gross base & additional operating rents are $ 129,600/year (as per leases, excluding HST), total operating cost is around $ 48,397/year in 2020... The Assessment value in 2016 was $ 1.20 Million...The area is booming, Department of National Defence, General Dynamics, Golder Associates, and other potential new residential developments nearby. (5158059)
Neighbourhood Name
BELLS CORNERS
Annual Property Taxes
$32,775 (CAD)
Time on REALTOR.ca
1668 days
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