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365 Kingston Road E Ajax, Ontario L1Z 1W4

6546 sqft
Fully Air Conditioned Forced Air

$4,600,000

An outstanding investment opportunity for commercial investors seeking a carefree landlord experience. The property is leased to a AAA+ tenant, a licensed childcare center / daycare / Montessori school under the CWELCC program on a Triple Net Lease, meaning the tenant is responsible for property taxes, insurance, and all maintenance costs. The building is well-maintained. This heritage building was relocated to its current site in 2005 by a developer, who undertook major restorations in 2010, including a new foundation, electrical system, plumbing, flooring, and partial exterior brick replacement. Buyers are advised to verify all building details. The tenant owns stoves, refrigerators, washer/dryer, and all chattels. The current triple-net monthly rent is $20,938 (including HST), with a scheduled increase to $22,807 (including HST) in 2028. (id:60365)

Business

BusinessType Institutional
BusinessSubType School

Property Details

MLS® Number E12051732
Property Type Retail
Community Name Central East
Features Irregular Lot Size

Building

Age 100+ Years
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Forced Air
SizeExterior 6546.1 Sqft
SizeInterior 6546 Sqft
UtilityWater Municipal Water

Land

Acreage No
SizeDepth 129 Ft
SizeFrontage 174 Ft
SizeIrregular 0.59
SizeTotal 0.59 Ac
SizeTotalText 0.59 Ac
ZoningDescription Gc

https://www.realtor.ca/real-estate/28096944/365-kingston-road-e-ajax-central-east-central-east

Jane Fung
Broker of Record


Enso Realty Inc.
8865 Woodbine Ave Ste#131-D3
Markham, Ontario L3R 5G1

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