About 365 Kingston Road E
An outstanding investment opportunity for commercial investors seeking a carefree landlord experience. The property is leased to a AAA+ tenant, a licensed childcare center / daycare / Montessori school under the CWELCC program on a Triple Net Lease, meaning the tenant is responsible for property taxes, insurance, and all maintenance costs. The building is well-maintained. This heritage building was relocated to its current site in 2005 by a developer, who undertook major restorations in 2010, including a new foundation, electrical system, plumbing, flooring, and partial exterior brick replacement. Buyers are advised to verify all building details. The tenant owns stoves, refrigerators, washer/dryer, and all chattels. The current triple-net monthly rent is $20,938 (including HST), with a scheduled increase to $22,807 (including HST) in 2028.
Features of 365 Kingston Road E
| MLS® # | E12051732 |
|---|---|
| Price | $4,600,000 |
| Bathrooms | 0.00 |
| Type | Commercial |
| Sub-Type | Commercial Retail |
| Status | Active |
Community Information
| Address | 365 Kingston Road E |
|---|---|
| Area | Durham |
| Subdivision | Central East |
| City | Ajax |
| Province | ON |
| Postal Code | L1Z 1W4 |
Amenities
| Garages | None |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Gas Forced Air Closed |
|---|---|
| Cooling | Yes |
| Fireplace | No |
Additional Information
| Taxes | $47,980.72 |
|---|---|
| Approximate Age (Years) | 100+ |
| Maintenance Fee | $0.00 |
| Directions/Intersection | Kingston Rd / Hwy 412 |
| Has Locker | No |
| Days On Website | 24 |
Listing Details
| Office | ENSO REALTY INC. |
|---|