Industrial kitchen setup for catering. Can also do take-out and delivery. Road exposure. Tenanted with lease expiring February 28, 2026. Tenant willing to remain for another 5 years. Current monthly net rent of $3,061.56 including HST. Renewal would be with 5% annual increases according to existing lease document. 5.4% cap rate based on existing net operating income.
Property Type:
Commercial
Property Sub Type:
Industrial
Freestanding:
No
Total Area:
990 sq. ft. Square Feet
Total Area:
990 sq. ft.92 m2
Retail Area:
206 sq. ft. Sq Ft
Industrial Area:
784 sq. ft. Sq Ft
Lot Depth:
0'0 m
Lot Frontage:
0'0 m
Bathrooms:
1.0
Water supply:
Municipal
Zoning:
EMPLOYMENT INDUSTRIAL 0.7
Heating type:
Baseboard
Clear Height:
8'2.44 m
Garage:
Outside/Surface
Possession Details:
Tenant willing to extend lease
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$3,815.47 /
2025
Assessment:
$- /
-
Toronto
Toronto E07
Milliken
Public Transit
Yes
12-foot exhaust hood, walk-in freezer with raised floor, additional Frigidaire freezer, commercial stove with oven, 3-door fridge, stainless steel preparation tables, commercial sinks, S/S Gas Burner, S/S Flat Range Stove, 2 Gas Single Burner Stoves, 2 Commercial Food Warmers. Buyer's to verify list of equipment.
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