1500 Midland Ave, Toronto, M1P 3B9

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Description

Corner Retail Plaza with Midland Ave Exposure. Exceptional user/investment opportunity in prime Scarborough location. This 5-unit plaza is currently 100% leased to a strong mix of tenants, including well-known national brands. Immediate income with significant near-term rent upside Low Weighted Average Lease Term (WALT) of just 1.1 years and the potential for 30% vacancy by December 31, 2025. $100,000+ spent on recent renovations (new signage and siding). Dual street access. Minutes to Highway 401, DVP. TTC at doorstep. 2025 Environmental Phase 1 & 2 and Building Condition reports available upon signing confidentiality agreement.

50 days

On Market

Commercial/Retail

Property Type

$82,127 / Year

Est. Annual Taxes

Retail

Style

Outside/Surface

Garage

-

Basement