Toronto (Scarborough) – Birkdale Neighbourhood Plaza
Asking Price – $1,749,000
The Birkdale Plaza is a neighbourhood plaza totalling approximately 11,920 sq ft located on an approximately 36,165 sq ft corner site. The property has 205.4 feet frontage on the south side of Ellesmere Road and 147.48 feet frontage on
the west side of Birkdale Road (excludes the daylight corner) with entrances from both streets. The western depth totals 165 feet and the southern depth totals 257.38 feet. It is estimated that there are 43 parking spaces. There is a traffic light at the Birkdale Road intersection.
Location
The property is located on the south west corner of Ellesmere Road (between Midland Avenue and Brimley Road) and Birkdale Road in Scarborough’s Bendale Community. The Scarborough Town Centre is located approximately 1km to the north east. The Bendale Community is an established residential neighbourhood with commercial and apartments located along Ellesmere Road.
Building Details
Birkdale Plaza is an approximately 50 year old one storey building with second floor office space. The building totals approximately 11,920 sq ft with nine retail units, totalling 9,700 sq ft, plus 2,200 sq ft of office space on the second floor. All of the units have unfinished basement space, except for the restaurant where the basement is finished. The addresses are 1231 to 1249 Ellesmere Road
Tenancy Details
Six of the units are currently leased for various retail uses; 2 beauty salons, a print shop, a grocery store, an aquatic store, and a restaurant. Three of the units are currently vacant, as is the second floor office space. The current income from the tenanted units is $15,706 per month. Realty taxes are included in the rents. Units are separately metered for heat and hydro. There is a single water meter.
Legal Description
Blk A, Plan 5645, Scarborough, City of Toronto (Pin: 063000120)
Assessment/Taxes
The current Assessment is $3,099,750 (CVA – January 1, 2008 Value – $3,292,000). The 2011 taxes were $101,304.76. However, the Assessment is currently under appeal with a May 11, 2012 Hearing Date at the Assessment Review Board scheduled.
Additional Documents