For Lease · Retail

1153 QUEEN STREET W, Toronto (Little Portugal)

1153 QUEEN STREET W, Toronto (Little Portugal), ON M6J1J4

Price on request

—

Asset Class

Retail

Size

—

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

—

Occupancy

90%

About this property

Open concept turnkey studio / retail / creative / office space available for lease. Amazing space for group exercise/yoga studio. Formerly convenience store use; storage/refrigeration intact. Potential office area start-up office space growing collaborative and creative company requiring space to grow before substantial capital investment. Compatible with retail use / pop-up concepts. Loading dock allows for efficient in-out pop-up concepts. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

115,422

Households

53,248

Median income

$105,000

Median age

32.3

Daytime population

127,163

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 1153 QUEEN STREET W, Toronto (Little Portugal).

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.