Property Description for 402 Frood Road
Excellent investment opportunity with this well-maintained commercial/residential building in a prime location. The main floor offers a flexible office layout with 7 offices, currently rented for $2,000/month on a triple-net basis (tenant also pays taxes, utilities, and insurance for the entire building). All interior office walls are non-load-bearing, allowing for maximum customization to suit future needs. The upper level, with a separate entrance, features two apartments: a 2-bedroom unit renting for $1,650/month and a loft-style open-concept apartment renting for $850/month—both on month-to-month leases, utilities included. The building is a former TD Bank, exceptionally well-built, and shows pride of ownership. Current owner occupies the main level and is willing to stay as a tenant for at least three more years, or vacate if buyer wishes to occupy. Vendor is also willing to consider a VTB (Vendor Take-Back) for qualified buyers. (id:38686)
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Property Details
Property Tax
: N/AMLS® #
: 2124386
Property Features
Property Type
: Commercial
Interior Features
Heating
: BoilerFlooring
: Hardwood, Laminate
Exterior Features
Roof
: Other, Unknown
Utilities
Sewer
: Municipal sewage system
Other
Parking Features
: GravelExterior Features
: Brick
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