4438 Sheppard Ave E

LocationAgincourt South-Malvern West, M1S 5V9
$2.4M For Sale
Property Images

Description

Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6,000+ sq. ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential. Do not go direct. PIN NUMBERS: Suite1-2 126440002, Other1 - 1126440001, Other1 - 59126440059

Features

  • Business Type
    Category: Retail Store Related
  • Commercial Total Area
    Total Area: 6,805 sqft
  • Commercial Retail Area
    Retail Area: 6,000 sqft
  • Commercial Parking Types
    Parking Types: Underground

Details

  • Commercial Zoning
    Zoning: Commercial Retail
  • Tax Amount
    Tax: $ 40,819
  • Commercial Condo Maintenance
    Maintenance: $ 7,574
  • MLS
    E9259434
  • Listing contracted with: HOMELIFE/LOCAL REAL ESTATE LTD.

Transit Accessibility

Agincourt Go Train Station (1.4km)

Location