365 Kingston Road E Ajax ON L1Z 1W4
$ 4,600,000

Listing ID

#E12051732

Property Type

Commercial Retail

County

Durham

Neighborhood

Central East

Days on website

29

Description
An outstanding investment opportunity for commercial investors seeking a carefree landlord experience. The property is leased to a AAA+ tenant, a licensed childcare center / daycare / Montessori school under the CWELCC program on a Triple Net Lease, meaning the tenant is responsible for property taxes, insurance, and all maintenance costs. The building is well-maintained. This heritage building was relocated to its current site in 2005 by a developer, who undertook major restorations in 2010, including a new foundation, electrical system, plumbing, flooring, and partial exterior brick replacement. Buyers are advised to verify all building details. The tenant owns stoves, refrigerators, washer/dryer, and all chattels. The current triple-net monthly rent is $20,938 (including HST), with a scheduled increase to $22,807 (including HST) in 2028.
Location
Financial Information
List Price:  $ 4600000
Taxes:  $ 47981
Property Features
Air Conditioning:  Yes
Approximate Age:  100+
Heat Type:  Gas Forced Air Closed
Lease:  For Sale
Lot Shape:  Irregular
Utilities:  Available
Listed By:     ENSO REALTY INC.