For Sale · Office

202 - 621 SHEPPARD AVENUE E, Toronto (Bayview Village)

202 - 621 SHEPPARD AVENUE E, Toronto (Bayview Village), ON M2K1B5

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

88%

About this property

Flexible 827 sq. ft. second-floor commercial space in the highly desirable Bayview & Sheppard area, directly across from Bayview Village Shopping Centre. The versatile layout offers an excellent opportunity for a wide range of professional, health, educational and appointment-based businesses, including counselling/therapy, allied health, financial services, accounting, consulting, tutoring and other professional uses.Features include public elevator access, public and private washrooms for customers and staff, commercial unreserved parking, individually controlled heating and cooling, and separately metered utilities.Conveniently located near TTC, Highway 401, DVP, North York General Hospital, banks, retailers and a strong surrounding residential community. A flexible, accessible space that can be adapted to suit a variety of business needs. Uses subject to applicable zoning and condominium regulations. Images include conceptual renderings for illustrative purposes only and are intended to demonstrate potential layouts, finishes and uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

80,967

Households

32,531

Median income

$121,500

Median age

36.2

Daytime population

90,014

5-yr growth

8.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 202 - 621 SHEPPARD AVENUE E, Toronto (Bayview Village).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.