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CAONScarborough101-4438 Sheppard Ave E
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101-4438 Sheppard Ave E, Scarborough, ON

Real Estate

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MLS® E9259434

  • Key Facts
  • Description
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Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage Yes
Maintenance Fees 
Taxes $40,819
Approx. Age 
MLS® Number E9259434

Property Address: 101-4438 Sheppard Ave E, Scarborough, ON, M1S5V9

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Care-Free Investment Opportunity High-Yield Retail Space in Prime Location! Looking for a profitable and hassle-free investment? This rare commercial retail property, located in the bustling Oriental Centre Mall at intersection Sheppard Ave E and Brimley Rd, offers a steady 5.65% net operating income with all T.M.I. Covered by the tenant, ensuring truly passive income. Situated on the main floor near anchor tenants like RBC, this property boasts 6, 000+ sq. Ft. (combined across three units) in a high-traffic, in-demand area, making it a prime retail location. The tenant, with a proven track record of 14 years in operation, is on a lease until November 2025 with an option to renew for an additional 5 years. Notably, the rent is currently below market rates (average $28-$30 per sq. Ft.), offering substantial potential for future growth. Professionally managed by an in-house management team, this property guarantees an stress-free ownership experience. Invest in this rare opportunity today and secure a care-free asset that delivers strong returns and long-term potential.Show Description
MLS® NumberE9259434
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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Destination Address
4438 Sheppard Ave E, Scarborough, ON

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