For Lease · Office

301A+302 - 124 MERTON STREET, Toronto (Mount Pleasant West)

301A+302 - 124 MERTON STREET, Toronto (Mount Pleasant West), ON M4S2Z2

$10 per sq ft / yr

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

94%

About this property

NEW PROMOTIONAL RATE: Year 1 discounted rate available for the first 2 qualified tenants who sign a min. 5-year lease before Dec 31, 2026! PLUS a limited-time incentive of 2 months net-free rent during the initial term, and Landlord-offered custom flooring/upgrade packages for select units. Flexible terms & various unit sizes available.Take your business to the next level in Midtown Toronto, in the heart of Davisville Village! This prime, centrally located Boutique Designer building known as "The Empress Building" is steps from TTC transit & abundant local amenities. Onsite management, daily cleaning, elevators, accessible washrooms, staff underground parking, & a unique 2nd-floor patio courtyard. Welcoming ambience suited for professional offices, clinical/supportive services, and creative uses. Units 301A and 302 are currently connected with very bright north-facing windows and south-facing windows overlooking the 2nd floor common area patio. There is a front reception, a single office, a lunch room and two large open spaces, previously occupied as one unit by a denturist. There is venting in both the 301A and 302 units, and multiple sinks throughout, ideal for similar dental uses or any tenants who can benefit from the in-place fixtures. (id:66811)

Financial sandbox

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Estimate
Purchase price$10
Down payment30% · $3
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

12.86%

DSCR

1.70

Going-in cap

9.40%

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

70,923

Households

24,787

Median income

$87,000

Median age

44.8

Daytime population

91,853

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 301A+302 - 124 MERTON STREET, Toronto (Mount Pleasant West).

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.