1881 Sq Ft Commercial Condo, Industrial, and/or a Work Space in the Lucrative Leslieville!! Assigned

  • $950,000
  • 1 baths
  • 1881 sqft
Assigned
Located in hip and vibrant Leslieville, laden with lofts, quality condos and coffee shops, this commercial condo space with the option to live & work is the perfect location for a business with built-in clientele in the building!! Featuring over 1881 sq ft of space, 2 rooms with walls of mirrors, a kitchenette/change area, 3-piece bathroom, all utilities included in condo fees (save for hydro), as well as use of the common room. While there are no windows, the 11 foot ceilings create a dynamic, large, open and inviting space. Though it is currently used as a yoga studio, it is also zoned to be used as a clinic, nursery, union hall, post office, brewery, private art gallery, retail store, showroom, repair shop, photography studio, performing arts studio and more. With very little overhead, this is an excellent opportunity to invest in a hot area with a desire for more in-building business opportunities. Our price per square foot evaluation of this space puts it at an estimated value of $1,130,000 ($600/SF) — at only $950,000 you simply cannot pass up this incredible investment opportunity!!

We are selling our assignable purchase contract.

Closing is June 29th, 2022
**Please note: The Seller has noted that they may be willing close earlier than this date, if desired.**

PROPERTY FEATURES
Please note: You cannot access the door of our unit unless you have a FOB to the building, or are buzzed in. Once you have entered the building, it will then lead you down a set of stairs to the door for this unit.
  • 0 bedrooms
  • 3-piece bathroom
  • Total floor area: 1881 sq ft (as per MPAC)
  • Any and all existing appliances and furnishings will be included
  • Flooring: tile, cork, wood
  • In-floor radiant heating (as per Seller)
  • 11 ft ceilings (Buyer to verify)
  • Kitchenette/change room area
  • 100 AMP breaker panel
  • On municipal services
  • Property taxes: $3317.72/year (Buyer to verify)
  • Condo fees: $1122.08/month ($993 + tax, as per Seller) — Buyer to verify
    • Fees include: garbage, hot water, heating, access to amenities room (that features a kitchen, bathroom and is over 2000 sq ft, as per Seller) — Buyer to verify
    • The only utility the resident pays is hydro, in addition to the condo fees (as per Seller)
  • Zoning: I1
    • Currently, I1 Zoning in Toronto permits several uses that include (but are not limited to): clinics and laboratories, day nurseries, union hall, performing arts studio, custom workshop, as well as an artist live/work space (see HERE for all permitted uses) — Buyer to verify

BUSINESS EXPENSES BREAKDOWN
(Buyer to verify all information)

  • Internet: $55.37/month
  • Phone: $20 + tax/month
  • Insurance: $870.80/year
  • Hydro: ~$1200/year
  • Cash flow: $10,000/month

PROPERTY NEEDS

  • Your business!

Please click HERE for more pictures and information.

Price:
$950,000
Address:
Carlaw Ave & Dundas St E
Toronto, ON
Square Feet:
1881
Bathrooms:
1
Terms:
Assignment of Contract
Property Type:
Commercial

Call 647-370-0820 for more details

Property Location