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    For Sale - 3 Claremont Drive, Manor Park - Cardinal Glen and Area, Ontario

    Est payment $17,263/mo
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    Views   3
    Time on Jump  15 day

    AI Summary *

    • Solid concrete and steel three-story building for long-term investment.
    • Main floor dental office with four identical two-bedroom apartments above.
    • High-quality finishes throughout each apartment, including hardwood and premium fixtures.
    • Zero vacancy with strong rental income and long-term dental lease in place.
    • Potential for additional floors for more rental suites due to new zoning.




    Rarely does a real estate investment property of this caliber become available. 3 claremont drive is an exquisitely designed, concrete and steel -constructed three-story building, masterfully built with no expense spared. The property features a dental office on the main floor and four spacious two-bedroom apartments on the second and third floors. Each apartment offers an identical layout of approximately 1,180 square feet and is finished with high-quality materials, including hardwood floors, ceramic tiling, and premium fixtures. Amenities include six appliances (with ensuite laundry), gas fireplaces, central air conditioning, intercom systems, and large balconies. The building provides six underground parking spaces and three tandem surface spaces at grade. The property maintains zero vacancy; the dental practice is on a long-term triple net lease, while residential tenants pay their own heat and hydro. There is significant upside potential for residential rental income. Given the new zoning overlay and the integrity of the pre-engineered concrete and steel superstructure, there may be an opportunity to add additional floors for further rental suites in the future. The current net operating income (noi) exceeds $156,000, with a clear path to increase this to over $180,000 upon turnover. There is a recent building inspection report, and appraisal on hand to be shared with qualified prospective buyers. All enquiries welcome.
    Listing IDX12901784
    Address3 Claremont Drive
    CityManor Park - Cardinal Glen and Area, Ont…
    Price$3,595,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitHeating / Cooling Gas Forced Air Open

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    Listing Agency:  LPT REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    3 Claremont Drive
    Manor Park - Cardinal Glen and Area , Ontario
    $3,595,000
    Get more info