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187 Finch Ave W 2,900 SF Office Building Toronto, ON M2R 1M2 $1,460,206 USD ($503.52 USD/SF) 3.96% Cap Rate
Investment Highlights
- Freestanding commercial office building with 14 offices and 3 washrooms.
- Huge redevelopment potential on a 50 x 133 ft lot.
- Prime location near TTC and Finch Subway station, 14 parking spots.
Executive Summary
Freestanding Commercial Office Building!!! 3 Offices and one Board room on the ground floor, 8 Offices on the Second Floor, 3 Office in the BSMT. Freestanding Property on Finch AVE West,50 x 133 lot, Huge Potential Redevelopment opportunity, Two Story Addition At Rear Allowing For Huge Boardroom And 5 Smaller Offices. A Great Investment 2100 Sq. Ft. On 2 Floors Plus Finished Lower. Multi Use Commercial Zoning. 14 Offices 3 Bathrooms, Next To TTC Stops. Close to Finch Subway station. 14 Parking Spots at the back of the Property, Perfect For Medical, Accounting,Dental, Law And Mortgage / Real Estate Offices
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,900 SF
Building Class
B
Year Built
1949
Price
$1,460,206 USD
Price Per SF
$503.52 USD
Cap Rate
3.96%
NOI
$57,882 USD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,450 SF
Slab To Slab
8’
Building FAR
0.44
Lot Size
0.15 AC
Zoning
CR - Commercial
Parking
14 Spaces (4.83 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Walk Score®
Very Walkable (72)
Transit Score®
Excellent Transit (75)
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187 Finch Ave W
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