August 23, 2019  
Listing Detail   

$2,797,000

For Sale
 
MLS® No:
E4465479
Intersection:
Salem Rd And Kingston Rd
Community:
Central East
Address:
365 Kingston Rd E, Ajax, Ontario, Canada, L1T3A4
  • E4465479 photo

Features

Property Type:
Commercial/Retail
Land Size:
162 X 60Feet
Approximate Square Footage:
9720Sq Ft
Possession:
Immediate
Annual Property Taxes (estimate):
$13,915.64 / 2019 Tax Year Annual
Basement:
Y
Garage Type:
None
Heat Type:
Gas Forced Air Closd
Sprinklers:
N
Central AC:
Y
Zoning:
Multi-Use
Tenanted By A Fully Operational Pre-School In The Heart Of Ajax. Net Income $153, 833. Current Lease Until March 31st 2023 With Incremental Increase Each Year. 5. 5% Cap Rate With Well Established Tenants. Easily Accessible With Ample Parking - Located In Residential Neighborhoods.
Apr 1 2019 - Mar 31 2020 - $153, 833 Apr 1 2020 - Mar 31 2021 - $160, 379 Apr 1 2021 - Mar 31 2022 - $166, 925 Apr 1 2022 - Mar 31 2023 - $173, 471
Listing Contracted With: Royal Heritage Realty Ltd., Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
First Name*    Last Name*   
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Adnan HashmiBroker of RecordDirect: (647)885-6364Bus: (905)796-1127
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Wolf Realty Inc., Brokerage, Independently Owned & Operated