Unit 44 86 Ringwood Drive Whitchurch-Stouffville ON L4A 1C3
$ 898,800
|    3   |    3061 Sq Feet

Listing ID

#N12490922

Property Type

Industrial

County

York

Neighborhood

Stouffville

Days on website

55

Description
Incredible Opportunity In The Heart Of Stouffville's Booming Business District. One Of The Largest Units In The Complex, This Property Offers 3,061 Sq. Ft. Of Usable Space (2,389 Sq. Ft. On The Main Level Plus 672 Sq. Ft. Mezzanine Office) Along With Access To A 350 Sq. Ft. Shared Loading Dock. The Versatile Layout Features 3 Bathrooms, A Private Boardroom, Open Concept Office Space, And An Employee Lounge/Lunch Room Complete With A Kitchenette. Currently Operating As A Well-Established Bakery, The Space Is Clean, Well-Maintained, And Turnkey, Making It Ideal For A Wide Range Of Businesses. Zoned Industrial EPB With A Variety Of Permitted Uses, It Presents A Phenomenal Opportunity For Both End Users And Investors. This Property Is Currently Tenanted And Generating A Net Income Of Approximately $62,221.00 Annually (About A 5.7% Cap Rate), With Vacant Possession Available After January 1, 2026. Over $150,000 In Recent Upgrades, Low Maintenance Fees, Two Dedicated Parking Spots, Ample Visitor Parking, And Excellent Proximity To Major Highways Make This An Opportunity You Wont Want To Miss.
Location
Financial Information
List Price:  $ 898800
Taxes:  $ 3773
Property Features
Air Conditioning:  Yes
Area Influences:  Major Highway, Public Transit
Garage Type:  Outside/Surface
Heat Type:  Gas Forced Air Open
Sprinklers:  Yes
Utilities:  Available
Listed By:     FOREST HILL REAL ESTATE INC.