$3,450,000

6700 Montevideo Road

Mississauga ON, L5N 1V1

Description

Rarely Offered for Sale, 6 Unit Retail Plaza located in a busy neighbourhood in Meadowvale. Property is on a 0.85 Acre Lot, Zoning is C1 Commercial Retail. Building is just over 5600 square feet. All 6 Units on Long Term Leases and all have separately metered utilities. Plaza has approx 50 Parking Spots, monitored by 24 Hour CCTV Security System. Cap Rate is just under 3.8% NET increasing year over year. Current Tenants Are Guardian Pharmacy, Physiotherapy Clinic, Hair Salon, Greek Restaurant, Middle Eastern Restaurant and Convenience Store. 5 of 6 Tenants Under New Leases. Current Gross Income just over $175,000, Net income Approx $123,000

Details

MLS#30798860
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site6

Features

SQ Feet36,941
Story(s)0

Loading Form

Loading Form

Area Information

ProvinceON
CountyPeel
CityMississauga
Postal CodeL5N 1V1
AreaMississauga
Listing VS Median (in L5N 1V1)
Price:
$3,450,000
low | high
Med:
$3,450,000
50% of Average
SqFt:
36,941
low | high
Med:
36,941
50% of Average
$ / SqFt:
$93
low | high
Med:
$93
50% of Average
On Site:
6
low | high
Med:
6
100% of Average
Listing Updated: 03/28/2020
MLS Number: 30798860
Listing Provided By:
Marc Battista  of  ROYAL LEPAGE MEADOWTOWNE REALTY
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by ONTARIO REGIONAL TECHNOLOGY & INFORMATION SYSTEMS INC. (ORTIS)