4438 Sheppard AVE E #101 Active Save Request In-Person Tour Request Virtual Tour
Toronto E07,ON M1S 5V9
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,805 sqft
Price per Sqft $352
MLS Listing ID E9259434
Condo Fees $7,573
Annual Tax Amount $40,819
Tax Year 2024
Property Description
Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6,000+ sq. ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential.
Location
Province ON
County Toronto
Community Agincourt South-Malvern West
Area Toronto
Region Agincourt South-Malvern West
City Region Agincourt South-Malvern West
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
Security Features Yes