950 Albion Road E

Thistletown-Beaumonde Heights Toronto M9V 1A7

Investment property for sale, 950 Albion RD--Strip plaza/Retail, 2 tenants only. Grow Fitness for sale; tenant #1Grow Fitness- 13,850 sq. ft plus patio (not calculated extra sq.ft.); tenant #2 Basement is 17,500 sq. ft Basement. Tenant just spent close to 1 million to set up Play Place ( Kids and Adults), Training. Tenants pay HST on top of Rent Lease attached. TMI is $10,500 per $39,500 Net (950 Albion )$15,000 Net ( 960 Albion) = x 12 =$654,000 Tenants pay TMI: Taxes estimated at $ 5 x 14,000 sq. ft = $ 70,000 per year estimate. Utilities , CAM, = $ 4 x 14,000sqft = $ $50,000 per year estimate, Redevelopment potential of 300 units potential on site and main floor retail