3850 Finch AVE E new Save Request In-Person Tour Request Virtual Tour
Toronto E05,ON M1T 3T6
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 51,403 sqft
Price per Sqft $238
Subdivision L'Amoreaux
MLS Listing ID E12235880
Building Age 31-50
Annual Tax Amount $203,210
Tax Year 2024
Property Sub-Type Investment
Property Description
3850 Finch Avenue East is an excellent value-add 4-story (plus tenant basement) Medical/Retail investment opportunity. The Property is improved with a 51,409 (BOMA 2024) rentable square foot building fronting on Finch Avenue East just west of Kennedy Road. The Property is currently 93% occupied with predominately established medical, professional services and retail tenancies, providing stable cash flow and considerable revenue growth through contractual escalations and contract adjustments to meet current BOMA measurement standards. The Property is well located in the catchment area of the Scarborough Health Network's Birchmount Hospital and is within an established residential community with excellent access to transit. The Property has been well-maintained by the current owner, and it benefits from ample surface parking on site.
Location
Province ON
County Toronto
Community L'Amoreaux
Area Toronto
Zoning CR 0.9
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Available