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$ 3,300,000
Est. payment | /mo
7,931 SqFt
$ 3,300,000
Est. payment | /mo
7,931 SqFt
Key Details
Property Type Condo, Commercial
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Approx. Sqft 7931
Square Footage 7,931 sqft
Price per Sqft $416
Subdivision 355 - Corporate
MLS® Listing ID 40818063
Condo Fees $2,000/ann
Year Built 1992
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Condominium
Property Description
EXTREMELY RARE standalone 7931 sq. ft. Industrial/Service Commercial GE-2 Zoned building. The building is sitting on a .53 acre parcel of land of which the owner has the exclusive use of. Given the building does NOT back onto residential the GE-2 Zoning permits many uses such as AUTOMOTIVE REPAIR. The condo fees are extremely reasonable as this property is basically set up as a freehold with the private road connecting the group of 5 buildings, and the landscape strip fronting Mainway being the majority of the common area. Basically the Building is 4955 square feet office/warehouse ground floor with a separate 2975 sq. ft. second floor office/storage/office. 18' clear ceiling height warehouse with DOCK loading (48H) w/leveller together with a 14'H Drive in door and a 200 amp/600 volt 3 Phase hydro service. Presently the building is owner occupied except for a ground floor office area off approx. 1227 sq. ft. Building can be purchased with Tenant or vacant possession. Taxes are approximately $20,669.00 for 2025 or $2.61 per sq. ft. and the condo fee including the reserve payment is $11,481.00 per year or $1.45 per sq. ft. per annum. In addition to the monthly condo fee and yearly reserve fund payment the owner is responsible for maintenance, repair of the building and the .53 acre lot it is situated on. Also Includes a gated yard for secure storage and or parking. Keep in mind all or part of the mezzanine can be removed to open up the warehouse for max floor space. For those who want to rent out as much sq. footage as possible this building or need a night time security apartment this building has it all. It's a beautiful owner user with rental income building as it is easily carved up into many different configurations. Phase 1 just completed by Pinchin Environmental. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Fence Fenced yard
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Condominium
Virtual Tour https://www.propertypanorama.com/instaview/itso/40818063
Listed by Martel Commercial Realty Inc.
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