Retail + residential building in Etobicoke. Restaurant business in the building must be sold first. Asking $5.9 mil. - Ca-type-apartment-buildings

29 Jul 2022


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</style></head><body><table><tr><th class='dispLabel'>Message Number</th><td class='dispData'>408603</td>
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<tr><th class='dispLabel'>status</th><td class='dispData'>Active</td>
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<tr><th class='dispLabel'>Subject Line</th><td class='dispData'>Retail + residential building in Etobicoke. Restaurant business in the building must be sold first. Asking $5.9 mil.</td>
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<tr><th class='dispLabel'>Business area</th><td class='dispData'><table class='tree1'><tr><td class='tree1'><table class='tree'><tr><td class='tree2'>Canada</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Ontario</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Greater Toronto area</td></tr><tr><td class='tree2'><table class='tree'><tr><td class='tree2'>Etobicoke</td></tr><tr></tr></table></td></tr></table></td></tr></table></td></tr></table></td></tr></table></td>
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<tr><th class='dispLabel'>Location, City</th><td class='dispData'>Etobicoke</td>
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<tr><th class='dispLabel'>Have/Want</th><td class='dispData'>Have</td>
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<tr><th class='dispLabel'>Business category</th><td class='dispData'>Shopping Centres/Strip Plazas/Retail<br>Commercial Buildings/Hotels/Motels<br>Office & Medical Buildings<br>Sites Commercial and Industrial<br>Apartment buildings/multi unit/condo townhouse projects/investments</td>
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<tr><th class='dispLabel'>Date of Listing</th><td class='dispData'>July 29 2022</td>
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<tr><th class='dispLabel'>Type Description</th><td class='dispData'>Investment property</td>
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<tr><th class='dispLabel'>Location</th><td class='dispData'>Etobicoke</td>
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<tr><th class='dispLabel'>Price</th><td class='dispData'>$5,900,000.00</td>
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<tr><th class='dispLabel'>Price Comment</th><td class='dispData'>Fully leased + potential</td>
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<tr><th class='dispLabel'>Size</th><td class='dispData'>11,000 sq ft</td>
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<tr><th class='dispLabel'>Gross Income</th><td class='dispData'>276,000</td>
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<tr><th class='dispLabel'>Net Income</th><td class='dispData'>246,500</td>
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<tr><th class='dispLabel'>Comments</th><td class='dispData'>First time in 30 years offered for sale. Fully leased retail + residential (possible future office) building. Asking $5.9 mil. 1/3 of the building is a well-known restaurant, owned by the owner of the building who's retiring. Once the restaurant is sold, the building will be sold next.</td>
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<tr><th class='dispLabel'>Internet Links</th><td class='dispData'></td>
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<tr><th class='dispLabel'>Member Identifier</th><td class='dispData'>8728</td>
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<tr><th class='dispLabel'>Explain Client's Motivation</th><td class='dispData'>Retiring</td>
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<tr><th class='dispLabel'>Control</th><td class='dispData'>Exclusive</td>
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<tr><th class='dispLabel'>Name</th><td class='dispData'>Alina Spektor</td>
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<tr><th class='dispLabel'>Title</th><td class='dispData'>Sales Representative</td>
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<tr><th class='dispLabel'>Company Name</th><td class='dispData'>Re/Max West Experts</td>
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<tr><th class='dispLabel'>Address Line One</th><td class='dispData'>3582 Major Mackenzie Dr. W, #204</td>
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<tr><th class='dispLabel'>City</th><td class='dispData'>Vaughan</td>
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<tr><th class='dispLabel'>State/Province</th><td class='dispData'>Ontario</td>
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<tr><th class='dispLabel'>Zip/Postal Code</th><td class='dispData'>L4H 3T6</td>
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<tr><th class='dispLabel'>Country</th><td class='dispData'>Canada</td>
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<tr><th class='dispLabel'>Business Phone Number</th><td class='dispData'>(905)499-8800</td>
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<tr><th class='dispLabel'>Cell Number</th><td class='dispData'>647-864-2700</td>
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<tr><th class='dispLabel'>Home Number</th><td class='dispData'>647-864-2700</td>
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<tr><th class='dispLabel'>FAX Number</th><td class='dispData'>905-553-5020</td>
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<tr><th class='dispLabel'>Email Address</th><td class='dispData'><a href='https://www.iciworld.com//emailForm.jsp?mid=8728&subject=Retail+%2B+residential+building+in+Etobicoke.+Restaurant+business+in+the+building+must+be+sold+first.+Asking+%245.9+mil.'>Send Email</a></td>
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<tr><th class='dispLabel'>Home Page</th><td class='dispData'><a name='' href='http://www.alinaspektor.com' target='_blank'>Home&nbsp;Page</a></td>
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