365 Kingston Road E Ajax, Ontario L1Z 1W4

6,546 ft2
Fully Air Conditioned Forced Air

$4,600,000

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:60626)

Business

Business Type Institutional
Business Sub Type School

Property Details

MLS® Number E12051732
Property Type Retail
Neigbourhood Midtown
Community Name Central East
Features Irregular Lot Size

Building

Age 100+ Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 6546.1 Sqft
Size Interior 6,546 Ft2
Utility Water Municipal Water

Land

Acreage No
Size Depth 129 Ft
Size Frontage 174 Ft
Size Irregular 0.59
Size Total 0.59 Ac
Size Total Text 0.59 Ac
Zoning Description Gc

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