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$ 8,950,000
Est. payment /mo
Active
1180 Keith Ross DR Oshawa, ON L1J 8P5
1 Bath
42,335 SqFt
UPDATED:
07/15/2024 03:39 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 42,335 sqft
Price per Sqft $211
MLS Listing ID E9031994
Annual Tax Amount $84,541
Tax Year 2024
Property Description
Rare Opportunity to own a freehold 2.6 acre property with a newly built 42,000 square foot (approx) airplane hangar located at the Oshawa Executive Airport (CYOO). Currently rented to 2 aviation use tenants generating approximately 5% cap rate per year on the net income, providing an excellent return on investment. Vacant possession can also be provided with 6 months notice for owner user opportunity. In addition to multiple aviation uses, property also allows for additional uses (Full List Attached) including recreational, sports facility, club, movie studio and up to 33% non-aviation related warehousing (Potential to increase percentage of permitted warehousing). 200 feet of rolling automated doors creating an open span of up to 150 feet with clear heights of 31 to 40 feet. Strategic advantage with direct access to 2 taxi ways with runways of 2,654 feet and 4,250 feet (asphalt). This immaculate facility is designed to accommodate a wide range of aircraft!
Location
Province ON
County Durham
Community Northglen
Area Durham
Region Northglen
City Region Northglen
Interior
Cooling No
Exterior
Garage Spaces 40.0
Community Features Major Highway, Public Transit
Utilities Available Yes
Others
Security Features No
Listed by CENTURY 21 LEADING EDGE REALTY INC.
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