10
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$3,500,000
Est. payment /mo
Active
20 Sherry RD Toronto E04, ON M1L 4J5
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto E04
Subdivision Clairlea-Birchmount
MLS Listing ID E12805016
Annual Tax Amount $22,691
Tax Year 2025
Property Sub-Type Investment
Property Description
Excellent Investment Opportunity In The Heart Of Scarborough's Golden Mile! Located On A Prime Clean Lot Near Warden Ave And Eglinton Ave, This High-Income-Producing, Brand New Free-Standing Industrial Building Offers Approx. 3,750 Sq. Ft. Of Multi-Tenant Space With Approx. 22-Foot Clear Height. Featuring 3 Motor Vehicle Service Units, Each Unit Includes Two Large Drive-In Doors, A New Heating & Electrical System, And 3-Phase, 200-Amp, 600-Volt Power. All Units Are Currently Leased, Providing Stable Cash Flow With A Strong Cap Rate, And Significant Upside For Future Income Growth Golden Mile Secondary Plan, Which Will Allow For The Redevelopment Of Land Along The New Crosstown LRT Route, End-User Occupancy, Or Redevelopment Potential. Zoning Allows For A Range Of Uses Including Automotive Service, Repairs, Warehousing, Manufacturing, Distribution, And Offices. Conveniently Located Steps From TTC Bus Routes, And Surrounded By Complementary Businesses Including Auto Parts Suppliers And Dealerships. Please Do Not Approach Or Disturb Tenants.
Location
Province ON
County Toronto
Community Toronto E04
Area Toronto
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 73.25
Lot Depth 177.69
Building
Building Age 16-30
Others
Security Features No
ParcelsYN No
Listed by PROPERTY.CA INC.
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