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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
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
Security Features Yes
ParcelsYN No
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Listed by ROYAL LEPAGE TERREQUITY REALTY
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