A free standing commercial property in Chinatown is for sale. The business is not included in the sale. The property has a stable tenant, currently paying $7,000 + GST per month in rent. The tenant is a chain store that has invested over $200,000 in renovations to the property. The seller will replace the roof, expected to be completed around April 2026. The current rent is below market value, offering potential to increase the rent in the future.
Property Size: 2,242 sq.ft. main floor + 2,242 sq.ft. basement
Lease Term: Until December 31, 2030.
Listing Brokerage: Grand Realty