$4,600,000
Available - For Sale
Listing ID: E12051732
365 Kingston Road East , Ajax, L1Z 1W4, Durham
| 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. |
| Price | $4,600,000 |
| Taxes: | $47980.72 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 365 Kingston Road East , Ajax, L1Z 1W4, Durham |
| Postal Code: | L1Z 1W4 |
| Province/State: | Durham |
| Directions/Cross Streets: | Kingston Rd / Hwy 412 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Institutional |
| Use: | Schools |
| Building Percentage: | T |
| Total Area: | 6546.10 |
| Total Area Code: | Square Feet |
| Retail Area Code: | % |
| Approximatly Age: | 100+ |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ENSO REALTY INC. |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Durham |
| Municipality: | Ajax |
| Neighbourhood: | Central East |
| Approximate Age: | 100+ |
| Tax: | $47,980.72 |
| Fireplace: | N |
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