365 Kingston RD E Active Save Request In-Person Tour Request Virtual Tour
Ajax,ON L1Z 1W4
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,546 sqft
Price per Sqft $702
Subdivision Central East
MLS Listing ID E12051732
Building Age 100+
Annual Tax Amount $47,980
Tax Year 2024
Property Sub-Type Commercial Retail
Property 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
Province ON
County Durham
Community Central East
Area Durham
Interior
Cooling Yes
Exterior
Utilities Available Available