$1,690,000 Sale
Listed 164 days ago
100 Ave
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Key Facts
Key facts for 100 Ave
Property Type
Commercial
Parking
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MLS®
44802240
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Website
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Year Built
2021
Maintenance Fee
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Description
Prime Commercial Investment OpportunityThis exceptional 5-year-old commercial building offers a rare combination of modern construction and a high-visibility, prime location with ample parking. The property is currently 100% occupied by the three original tenants, all of whom have secured their long...-term commitment by signing five-year lease extensions through 2031.The investment provides immediate and growing returns. Currently generating $84,187 in annual revenue, the income is scheduled to increase to $88,187starting in November 2026. Efficiency is maximized through a structure where all utilities, maintenance, and property taxes are managed as operational costs and paid directly by the tenants. At a list price of $1.69 million (plus applicable GST), this represents a stabilized cap rate of approximately 5.27%. This is an ideal acquisition for an investor seeking a turnkey, low-maintenance asset in a premium corridor with established tenancy and consistent revenue growth. Custom built by Atlas Premium
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Courtesy of: Glen R Good, RE/MAX Real Estate