950 Albion Road E Toronto (Thistletown-Beaumonde Heights), Ontario M9V 1A7
$14,888,000
Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$15,000 Net ( 960 Albion) = x 12 =$654,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate, Redevelopment potential of 300 units potential on site and main floor retail (id:41954)
Property Details
| MLS® Number | W12230268 |
| Property Type | Business |
| Community Name | Thistletown-Beaumonde Heights |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 31350 Sqft |
| Size Interior | 31350 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 31350 Ft |
| Size Frontage | 506 Ft |
| Size Irregular | Bldg=506.02 X 31350 Ft |
| Size Total Text | Bldg=506.02 X 31350 Ft |
| Zoning Description | Commercial |
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June 18 2025 08:25:42
Toronto Real Estate Board
Right At Home Realty, Hubenov Realty Inc.