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Home ON Greater Toronto Area Ajax Midtown
365 KINGSTON ROAD E
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365 KINGSTON ROAD E $4,600,000
$4,600,000
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365 KINGSTON ROAD E
Ajax (Central East), Ontario L1Z1W4

MLS® Number: E12051732

Listing 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. (40148676)

Location Description

Kingston Rd / Hwy 412

Property Summary

Property Type
Retail
Community Name
Central East
Land Size
Bldg=174 x 129 FT ; Irr L shape
Age Of Building
100+ years
Annual Property Taxes
$47,980.72
Time on REALTOR.ca
15 days

Building

Building Features
Features
Irregular lot size
Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Business
Business Type
Institutional (School)

Measurements

Square Footage
6546 sqft
Exterior Building Size
6546 sqft

Land

Lot Features
Frontage
174 ft
Land Depth
129 ft
Other Property Information
Zoning Description
GC
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
JANE FUNG