For sale is a 2-story industrial building in Central Scarborough, situated at Warden Ave & Eglinton Ave. The building has a total of 7 units, with a combined square footage of 19,700 sq. ft. and sits on a 1.346 acre lot. The ceiling height in the units varies from 12 ft to 16 ft, and all 7 units are currently occupied by tenants on a month-to-month basis. The property offers a range of permitted uses, including mechanic shop, bodyshop, outside storage, and a gated impound facility, which is a significant advantage for potential buyers.
There are a total of 95 parking spaces available, which includes 30 car spots in the fenced impound facility. The gross rent collected currently stands at $25,500 plus HST, with the landlord responsible for property taxes, insurance, and utilities. There is potential to increase the rent, making this property an attractive opportunity for end-users. Buyers have the option to occupy 2 units and collect rent from the other 5 units.
Additional information can be obtained by contacting the listing broker, with showings available between 10am and 5pm. It is important to note that potential buyers should not approach or disturb the current tenants, as they are on month-to-month leases. The buyer also has the option to assume the existing tenants or purchase the property vacant.
The property has a land size of 126 x 260 FT, with an area of 58,652.49 Ft (1.346 Ac). It is located at 124 MANVILLE RD in the city of Toronto, Ontario, with a postal code of M1L4J5 and situated in the community of Clairlea-Birchmount.
