For Sale · Retail

863 DOVERCOURT ROAD, Toronto (Dovercourt-Wallace Emerson-Junction)

863 DOVERCOURT ROAD, Toronto (Dovercourt-Wallace Emerson-Junction), ON M6H2X4

$950,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

94%

About this property

Exceptional mixed-use investment opportunity located at 863 Dovercourt Road, anchored by the long-term established commercial tenant Liberty Bicycle Shop and a residential tenants on the 2nd floor, offering steady income and a great ROI. Being sold "As is, where is," this semi-detached property functions essentially as one continuous building alongside the neighboring semi at 865 Dovercourt Road which is also for sale, and presents a rare opportunity. Upon request acquire both side-by-side properties together for maximum scale and future potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$950K
Down payment30% · $285K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$64K

Annual cash flow

$11K

Cash-on-cash

3.85%

DSCR

1.21

Going-in cap

6.70%

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

139,081

Households

52,003

Median income

$97,000

Median age

45.7

Daytime population

214,963

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 863 DOVERCOURT ROAD, Toronto (Dovercourt-Wallace Emerson-Junction).

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.