L'Amoreaux, M1T 3T6
Description
3850 Finch Avenue East is an excellent value-add 4-story (plus tenant basement) Medical/Retail investment opportunity. The Property is improved with a 51,409 (BOMA 2024) rentable square foot building fronting on Finch Avenue East just west of Kennedy Road. The Property is currently 88% occupied with predominately established medical, professional services and retail tenancies, providing stable cash flow and considerable revenue growth through contractual escalations and contract adjustments to meet current BOMA measurement standards. The Property is well located in the catchment area of the Scarborough Health Network's Birchmount Hospital and is within an established residential community with excellent access to transit. The Property has been well-maintained by the current owner, and it benefits from ample surface parking on site.
Features
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Category: Medical/Dental
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Total Area: 51,403 sqft
- Office Area: 51,403 sqft
- Total Parkings: 125
- Parking Types: Outside/Surface
- Property Age: 31-50
Details
- Zoning: Commercial/Residential
- Tax: $ 203,211
- Alcohol Allowed: N
- Features: Public Transit
- E12235871
- Listing contracted with: CUSHMAN & WAKEFIELD
