Commercial unit with long term tenant in a busy Toronto plaza.
This commercial unit offers approximately 850 sq. ft. including a finished basement and a private washroom.
The current long-term tenant has been operating successfully for over 20 years, providing a stable and reliable rental income.
Net rent: $1,700 per month.
Tenant is responsible for all expenses, including property tax, insurance, management fees, and utilities.
There is significant potential for future rent increases.
Asking price: $348,000 CAD
Cap rate: approximately 6%
An excellent hands-free investment opportunity with strong returns and dependable tenancy.
