For Lease · Industrial

20 WAGSTAFF DRIVE, Toronto (South Riverdale)

20 WAGSTAFF DRIVE, Toronto (South Riverdale), ON M4L3W9

$39 per sq ft / yr

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

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Occupancy

82%

Clear height

18 ft

Loading docks

12

About this property

Unique opportunity to sub-lease a character brick-and-beam building at 20 Wagstaff Drive in Leslieville, built in 1921. Located just north of Gerrard Street East with access from Greenwood Avenue, the space is steps from the Greenwood TTC Subway Station and part of a trendy commercial node alongside Left Field Brewery, Pilot Coffee Roasters, Quince Flowers and Soul Chocolates. This luxury industrial space features high ceilings, exposed brick and timber beams, new windows, and epoxy floors, creating a bright and stylish environment. Additional highlights include abundant on-site parking, interior truck level shipping and a dedicated outdoor sitting area. Ideal for creative offices, retail, showrooms, studios, or lifestyle businesses, this sub-lease is available until June 30, 2027, with the option for additional term. An additional 2,585 sq.ft. of adjacent space with new windows, epoxy flooring, and exposed beams is also available, offering flexibility for larger operations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$39
Down payment30% · $12
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$-1

Cash-on-cash

-6.21%

DSCR

0.66

Going-in cap

3.68%

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

49,826

Households

18,201

Median income

$113,000

Median age

34.5

Daytime population

80,468

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 20 WAGSTAFF DRIVE, Toronto (South Riverdale).

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.