X8014648 | 60 DWYER AVE

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60 DWYER AVE
Timmins Ontario , P0N1G0 , Canada

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Sarnail Singh

Broker

Cell: 416.303.2119

My Website

Email Me

Royal LePage Real Estate Services Ltd.

Brokerage:

207 - 2520 Eglinton Avenue West

Mississauga, ON
L5M0Y4

Phone: 905.828.1122

Fax: 905.828.7925

Company Website

$515,000.00

MLS® X8014648

Commercial : Commercial Business

Lot Size:	62.2 x 97.05 FT
Floor Space (approx):	6133.50 Square Feet

Remarks:

This property is an excellent opportunity for investors, with a fully leased, well-maintained location occupied by a AAA tenant. The double net rent of $31,000 per year, along with a long-term lease agreement that runs until April 30th, 2027, with the option to extend for the next 30 years, make it an attractive option. The property's 6% CAP rate offers an impressive return, and it is strategically located in a high-density area. As part of the lease agreement, the tenant is required to cover property taxes and maintenance fees, and there is an escalation in base rent. The roof was replaced in 2014, and the structure dates back to the 1970s, The seller is highly motivated to sell and is eager to show its gem, so don't miss out on this opportunity! (id:27)

Property Features:

Property Type: Business

Building Features:

Cooling Type: Fully air conditioned

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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