2
$489,000 Sale
Listed 0 hours ago
1111 6 Avenue SW #106
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Key Facts
Key facts for 1111 6 Avenue SW #106
Property Type
Commercial
Parking
1 parking
MLS #
A2358074
Size
-
Basement
-
Listed on
-
Lot size
-
Days on Market
-
Year Built
2005
Maintenance Fee
$338.80/mo
Description
Rarely available prime investment property fully operated restaurant bay in Excellent West End high rises location for sale (business is not included). Never vacant for the last 20 years. Tenant is in all net lease, perfect revenue; no hands on needed, rental income generating a net return of 5.9 ...%+ with listing price, better than Bank GIC. Current net rent for unit + 1 U/G titled stall is $2,178.58/Month plus equipment rent of $250/month plus operating cost. Purchase price does includes equipment (valued at $100,000+) and 1 titled underground parking stall ($37,000+), which must be acquired together with bay. See equipment list for details but include commercial restaurant environmental exhaust hood and suppression system, grill, dishwasher, refrigeration unit, sandwich counter with cooler, grease trap, and other equipment etc. New (2025) Central A/C with fan coil; baseboard heating. Prime corner only half a block from LRT station and central to many high rise condos and office building. TENANT OCCUPIED; DO NOT VISIT UNIT W/O APPOINTMENT; UNIT IS OWNED BY LISTING BROKERAGE.
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Courtesy of: Troy Real Estate Ltd
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