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)
BusinessType | Institutional |
BusinessSubType | School |
MLS® Number | E12051732 |
Property Type | Retail |
Community Name | Central East |
Features | Irregular Lot Size |
Age | 100+ Years |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeExterior | 6546.1 Sqft |
SizeInterior | 6546 Sqft |
UtilityWater | Municipal Water |
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