1802 Avenue Road Toronto, Ontario M5M 3Z1

$2,500,000

FOR SALE & LEASE BACK - INVESTOR OPPORTUNITY Step into a space designed for excellence. 1802 Avenue Road is a detached professional building with a usable area of 2,805 SF approximately, over three-levels.TURNKEY MEDICAL INFRASTRUCTURE This property is not another shell unit. The property underwent a comprehensive, custom-designed, high-spec renovation, transforming it into a flagship surgical and wellness center. Designed by a medical practitioner and now home to a plastic surgery clinic, cosmetic laser clinic and registered massage therapist.THE PARKING PREMIUM In the Bedford Park pocket, most Avenue Road storefronts have 0-1 spots. 1802 Avenue Road offers six dedicated spaces. This attribute greatly enhances property value and directly increases patient volume and practitioner retention. INVESTMENT PROFILE This turnkey investment structure commands a premium compared to general retail or office shell space.1802 Avenue Road is considered a high-performing medical asset. On closing the seller will enter a triple net head lease on 100% of the building with a minimum 5-year term, providing a 5% yield on Purchase Price.For the investor buyer, the CR3 zoning (2.8x density) may provide a built-in exit strategy. The 165 ft. deep lot provides for a future 3 or 4 storey mixed-use mid-rise, subject to municipal approval. (id:61215)

Business

Business Type	Personal Services
Business Sub Type	Health Centre

Property Details

MLS® Number	C12435748
Property Type	Retail
Community Name	Bedford Park-Nortown
Parking Space Total	6

Building

Cooling Type	Fully Air Conditioned
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	2,805 Ft2
Utility Water	Municipal Water

Land

Acreage	No
Size Depth	165 Ft ,2 In
Size Frontage	16 Ft
Size Irregular	16.01 X 165.21 Ft
Size Total Text	16.01 X 165.21 Ft
Zoning Description	Cr3(c2;r2.8)*1543)

https://www.realtor.ca/real-estate/28932094/1802-avenue-road-toronto-bedford-park-nortown-bedford-park-nortown