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365 Kingston Road E Ajax ON L1Z 1W4
Price $ 4,600,000
Listing ID E12051732
Property Type Commercial Retail
County Durham
Neighborhood Central East
House Size 6546
Days on website 61
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. 
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