110 Marine Parade Dr, Toronto, Ontario, M8V 0C4

Description

A rare opportunity for an investor to acquire the entire commercial block of the Riva Del Lago condo building, located in Humber Bay, Toronto. Positioned in the heart of Marine Parade Drive, the building is surrounded by an immense amount of residential density and national retailers, providing year-round walking traffic. The condo block is comprised of two (2) commercial condo units and two (2) owned parking stalls and a dedicated retail garbage area in the P1 level. The units are fully demised with one unit being a fully fixtured restaurant. Both Units are Leased. In-place leases include contractual rent step ups, increasing NOI over the term of the leases. The commercial units are position on the corner of the building, and the commercial component includes an established and dedicated patio area for the tenants.