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$146,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto W05
Subdivision York University Heights
MLS Listing ID W13597496
Annual Tax Amount $130,408
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Exceptional opportunity to take over an established automotive dealership location through lease assignment. **Business Corporation IS NOT FOR SALE** -only the leasehold interest and premises are being assigned. Located in a well-established automotive sales and service district with decades of industry presence, this property has operated as the same used car dealership for over 12 years, offering excellent exposure and a strong reputation within the local automotive community. The premises offer approximately **4,000 sq. ft. ** of space, including ** approximately 26 indoor vehicle spaces** and **7 exclusive outdoor parking spaces**. Functional layout features a management office, accounting office, small kitchen, 3-piece washroom, and ample workspace suitable for automotive sales or related uses. The property is equipped with **12 security cameras**, a monitored online security alarm system, and other operational improvements. The lease has been **recently renewed for a 5 -year term ending July 31, 2031**, with an **additional 5-year renewal option**, providing long-term stability for the new tenant (subject to landlord approval of the lease assignment). Excellent access to major highways and surrounded by well-known automotive dealerships, repair facilities, parts suppliers, and related businesses, making this an ideal location for automotive sales. A rare opportunity to secure a long-term location in one of the area's most recognized automotive corridors.
Location
Province ON
County Toronto
Community Toronto W05
Area Toronto
Zoning Employment
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Utilities Available Available
Building
Lot Description Lot
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Lited by ROYAL LEPAGE TERREQUITY REALTY
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