For Sale

$2,100,000.00

242 QUEEN ST S , Mississauga, Ontario L5M1L5

Remarks

Great Investment Opportunity To Own One Of The Best Commercial Properties Located At The Busiest Spot In The Centre Of Famous Destination ""Streetsville"" - Corner Property. High Potential For Development, The Ground Floor Commercial Space Will Be Vacant By The End Of May 2021 And Listed For Lease At A Net Rent $40/Sq Ft + T.M.I. $12.39/Sq Ft Which Gives You Better New Operating Income Than The Current Lease With The Anchor Tenant ""Starbucks""**** EXTRAS **** Gross Income: $105,184 (Net Rent $84,280+Tmi Recovery:$20,904) - Tmi $34,840 = Noi $70,344 (Cap 3.4%) Based On Projected New Lease For Ground Commercial Unit. Basement Has Tenant With Lease Until March, 2022 (id:27)

Property Summary

  • Neighbourhood: Streetsville
  • Lot Size: Bldg=40.79 FT
  • Floor Space (approx): 3484.00 Square Feet

Property Features:

  • Property Type:
    Retail
  • Sewer:
    Sanitary sewer

Building Features:

  • Cooling Type:
    Fully air conditioned
Map
Neighbourhood Info
Agent

Manuel Choi

Broker

Phone: 905.822.6900

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