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Terrace Bay,

MLS®: X5605244

71000.00 sqft

$1

1 week ago

Viewed 1 times

For Sale

Description

A Shopping Mall For Sale, Centennial Square Was Built-In 1967 With 71000 Square Feet, A Three-Story Office Building, And A Plaza. With Over 130 Parking Spaces In Downtown Thunder Bay South, Has Been Fully Leased For Approximately 5 Years. The Only Plaza In Downtown Thunder Bay South, The Tenants A+++ The Building Is In Very Good Condition And Very Well Maintained. We Offer A 6% Cap Rate For This Property.

Extra

Rental Income Is Approximately $ 970,000 Per Year Municipal Taxes Are About $ 114,000 Building Insurance Is About $ 20,000 Utility Costs Are $ 75,000 Per Year.

Key Facts

  • Taxes: $113795
  • MLS#: X5605244
  • Price: $1
  • Status: Sale
  • Type: Commercial/Retail
  • Style: n/a
  • Size: 71000.00
  • Updated: 2022-05-05 16:54:30.0
  • Year Built: 31-50

Property

  • Type: Commercial/Retail

Commercial General

  • Depth: 526.00
  • Lot Front: 231.00
  • List Price Code: For Sale
  • Lot/Bldg/Unit Code: Lot
  • Lot Size Code: Feet
  • Air Conditioning: Y
  • Elevator: Public
  • Energy Certification: N
  • Garage: Outside/Surface
  • Heating: Gas Forced Air Closd
  • Possession Date: Tba
  • Parking Places: 130
  • UFFI: No
  • Seller Property Info Statement: N
  • Zoning: C5
  • Type: Q.
  • Taxes: $113795
  • Tax Year: 2021
  • Physically Handicapped-Equipped: Y
  • Use: Other
  • Crane: N
  • Financial Statement: Y
  • Franchise: N
  • Freestanding: Y
  • Green Property Information Statement: N
  • Hours Open: Varies
  • Industrial Area Code: Sq Ft
  • Office/Apt Area: 25000
  • Office/Apt Area Code: Sq Ft
  • Outside Storage: N
  • Category: Multi-Use
  • Rail: A
  • Retail Area: 46000
  • Retail Area Code: Sq Ft
  • Soil Test: N
  • Sprinklers: Y
  • Survey: Y
  • Total Area: 71000.00
  • Total Area Code: Sq Ft
  • Type Taxes: Annual
  • Utilities: Y
  • Water Supply Types: Comm Well
  • Area Influences1: Public Transit
  • Area Influences2: Rec Centre
  • Orig lp cd: For Sale

Price History

Updated Price Event
$1 Listed For Sale
$XXX,XXX Sold
$XXX,XXX Listed

Map

Updated: 05 May, 2022. Days On Market: 1 Days

Listing By: CENTURY 21 HERITAGE GROUP LTD., BROKERAGE Information Updated: 2022-05-05 16:54:30.0

The listing data is provided under copyright by the Toronto Real Estate Board. The listing data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board nor RickMalhi.com.

More About This Property

Rick Malhi

Sales Representative
CENTURY 21 LEADING EDGE REALTY INC., BROKERAGE

Our Address

208-5 Brisdale Dr,
Brampton, ON, L7A 0S9
+1-905-783-5700