950 Albion Road E Toronto, 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:47351)
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 | 31,350 Ft2 |
| 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 |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
June 18 2025 08:25:42
Toronto Regional Real Estate Board
Right At Home Realty, Hubenov Realty Inc.