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$ 1,559,000
Est. payment | /mo
7,810 SqFt
$ 1,559,000
Est. payment | /mo
7,810 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 7,810 sqft
Price per Sqft $199
MLS Listing ID X9308392
Annual Tax Amount $31,829
Tax Year 2024
Property Description
Small medical building for sale at the corner of Cheapside and Adelaide. First time offered for sale. Neighboring property at 909 Adelaide also available for purchase. Zoning permits Medical/Dental, Medical/Dental Laboratories, Clinic and Offices. 5.90% Capitalization Rate on proforma income with 2 vacancies rented at market rents. Unit 206 (703 SF) and Unit 200 (299 SF) currently available for lease or owner/ users. Tenant all on Net Leases. Confidentiality Agreement to be completed for access to additional financial details. Taxes to be assessed. Property has merged on title with 909 Adelaide Street N. Seller preference is for properties to be purchased together. Alternatively closing will need to be delayed until severance completed.
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Zoning RO2
Region East B
City Region East B
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features No
Listed by CBRE LIMITED
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