365 Kingston Road
Ajax, L1Z 1W4
FOR SALE
$4,600,000

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Commercial Retail
CATEGORY6,546 Sq Ft
TOTAL AREAE12051732
MLSIDContact Us
Property 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.
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Property Details
Address
365 Kingston Road
Community
City
Postal Code
L1Z 1W4
Property Type
Commercial Retail, Commercial Retail
Use
Institutional
Zoning
GC
Lot Size
174' x 129'
Total Area
6,546 Sq Ft
Acreage
0.6 Feet
Taxes
$47,981 (2024
Heat Type
Gas Forced Air Closed
Water
Municipal
Garage Type
None
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Listing contracted with Enso Realty Inc.
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