Moss Park, M5A 2Z1
Description
Prime corner retail building at busy intersection of Parliament & Richmond Streets. Fully Leased with immediate value add opportunities. Ground floor retail leased to 241 Pizza, currently in 1st renewal term expiring Dec 31, 2027. 1x5 yr further option to renew, subject to LL favorable Sale/Demo clause. Large 2nd floor apartment is currently leased M2M. Both tenants paying below market rent, offering upside and steady holding income. Abundant surface level parking along oversized corner lot. Current 241 Net Rent is $34,800/annum. 2nd floor gross rent is $12,960/annum. Retail tenant pays majority expenses.
Features
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Category: Hospitality/Food Related
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Total Area: 1,800 sqft
- Office Area: 900 sqft
- Retail Area: 900 sqft
- Total Parkings: 8
- Parking Types: Outside/Surface
- Grade Level: 1
Details
- Zoning: Commercial/Residential
- Tax: $ 25,536
- Alcohol Allowed: N
- C13647240
- Listing contracted with: CUSHMAN & WAKEFIELD
