202 Mildand Avenue

This property includes the Restaurant, which is on it's 1st year, of the second 5 year lease cycle. The Restaurant lease maybe extended/or not, for another 5 years, upon new owners approval. Current Rate of Return 5.36%, with the Restaurant being valued at $1,250,000.00. The Restaurant rents increase 3% per year. The Tenant is making and addition $50k worth of tenant improvement April 2017, that stays with the building. Per the lease, the Tenant also pays for all building Insurance, including the Residential unit. Also included, the Upstairs Residence Condo has been described as Cowboy C...