5827 Main St Whitchurch-Stouffville, Ontario L4A 2S9
$7,200,000
An Excellent Carefree Investment Opportunity Right In The Heart Of Stouffville, A Design-Build Cibc Branch, Lease Commenced July 27, 2015, Ten Year Term, With The Right To Extend The Term For Four (4) Further Terms Of Up To Five (5) Years Each, Current Net Rent Is $38 Psf And A Certified Leasable Area Of 6,518.50 Sf, Representing A Net Income Of $247,703.00, The Building Is Sitting On Approximately 0.80 Acres, Currently Being Severed From A New 75-Townhouse Subdivision Development, Neighboring The Site Are Large Commercial Plazas With Major Retails Tenants: No Frill Supermarket, Longos Stouffville, Eastside Mario's, Starbucks, Rexall Drugstore, The Beer Store, Sherwin-Williams Paint Store, Goodlife Fitness, And Many More, The Site Provides An Excellent Long-Term Investment Opportunity With Mixed Use Zoning Designation**** EXTRAS **** Legal Description Will Be Finalized As Soon As Severance Of The Property Is Completed Which Is Expected In The Very Near Future (id:47723)
Business
| Business Type | Institutional |
| Business Sub Type | Institution |
Property Details
| MLS® Number | N5736789 |
| Property Type | Retail |
| Community Name | Stouffville |
Building
| Cooling Type | Fully Air Conditioned |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 153.13 X 179.42 Ft ; Irregular |
| Size Total Text | 153.13 X 179.42 Ft ; Irregular |
https://www.realtor.ca/real-estate/24786577/5827-main-st-whitchurch-stouffville-stouffville
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August 26 2022 06:28:10
Toronto Real Estate Board
Ipoe Corporation