106 Cumberland Street, Toronto, Ontario
The 19.4-foot frontage building is fully leased to four (4) tenants and rental income is $172,110 net per year. The 1,553 square foot site is improved with the four-level retail building of approximately 3,996 leasable square feet (as per ACCUPLAN measurements) including a separate street-entrance to the lower level unit.
The asking price is $7,800,000. Offers will be received by email only at PGagne@PetrusRealty.ca. Offers will not be reviewed until 12:00pm noon on Tuesday, November 17, 2020. A Confidential Information Memorandum and supporting Pre-Offer Documentation complete with a Vendor’s Form of Offer is available to those who execute and return to us by email the attached Acknowledgement and Waiver Agreement.
For a printable pdf version of the Investment Summary - Click
For a copy of the Acknowledgement Waiver Agreement Form for Principals - Click here.
Please contact Pierre Gagne for more information.
1. Limitations and Disclaimer - The sale of the Property will be on a “purchaser’s due diligence” basis. Prospective purchasers
are responsible for satisfying themselves, through whatever verification or due diligence process they determine is necessary, as to the accuracy and completeness of any information and as to
the potential of the Property. Neither the Vendor nor PETRUS COMMERCIAL REALTY CORP., Brokerage (PCR) makes any representation or warranty, whether express or
implied, as to the accuracy or completeness of any such material, information, reports or statements. The Vendor and PCR expressly disclaim any and all liability for any errors or omissions
in all information, material, reports or any other written or oral communication obtained by, given to or made available to any prospective purchaser. The Vendor reserves the right to remove
the Property from the market at its discretion. 2. Brokerage Disclosure - It is understood that PCR acts as the Listing Brokerage for the Vendor and owes to the Vendor a fiduciary duty
and will be compensated by the Vendor. Vendor has agreed to the possibility that PCR, while representing the best interest of the Vendor, may introduce the Property to and provide
services to one or more purchasers in accordance with the offering process. 3. Co-Operating Brokerage - Unless advised otherwise in writing, it shall be conclusively deemed that any cooperating
brokerage involved on behalf of a prospective purchaser will act as representative of the purchaser. Co-operating brokerages will be required to register their client.