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365 Kingston Road E

Ajax (Central East), Ontario, L1Z1W4

$4,600,000

MLS®#: E12051732
6546
Sq. Ft.
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. (id:10317)

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Property Details
Status: For sale
Address: 365 KINGSTON ROAD E, Ajax (Central East), L1Z1W4
MLS: E12051732
Lot Size: 0.59
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Water: Municipal water
Floor Space: 6546
Lot Size: 0.59
Agency: Courtesy of ENSO REALTY INC.
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