REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,350,000
Est. payment | /mo
6 Baths
3,374 SqFt
$ 1,350,000
Est. payment | /mo
6 Baths
3,374 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,374 sqft
Price per Sqft $400
Subdivision East H
MLS® Listing ID X12174881
Source Toronto Regional Real Estate Board
Property Description
Rare opportunity to purchase a prime corner lot investment property in an extremely busy retail location at the intersection of Dundas and First. This freestanding building sits on a 5,651 sqft lot with over 25,000 vehicles per day exposure and 10 dedicated stalls. The main floor (1,639 sqft) is net leased to Pizza Salvatoré (a national chain with almost 100 locations) on a 10 year term (July 2024 - June 2034). The lower level (1,708 sqft) is vacant, offering a value add opportunity to generate an additional $24K in annual income through medical, wellness, retail, or service leasing. With a current cap rate just under 5%, this turnkey asset delivers stable cash flow and clear upside. Surrounded by national retailers: Shoppers Drug Mart, Rexall, Taco Bell, Tim Hortons, McDonalds, LCBO and anchored by a bus stop at the doorstep and Fanshawe College nearby, the site benefits from exceptional foot traffic and convenience. Minutes from West London Mall, grocery stores, fitness centres, and professional offices, this high visibility corner location ensures tenant diversification and resilience. Investors will appreciate the strong net lease covenant, value add basement lease up, and flexible acquisition. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 10
Private Pool No
Others
Virtual Tour https://tourwizard.net/8c48e575/nb/
Listed by EXP REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "