Business For Sale · Office

312 - 7368 YONGE STREET, Vaughan (Crestwood-Springfarm-Yorkhill)

312 - 7368 YONGE STREET, Vaughan (Crestwood-Springfarm-Yorkhill), ON L4J8H9

$497,777 total

—

Asset Class

Office

Size

—

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

98%

About this property

PRIME YONGE STREET COMMERCIAL OFFICE FOR SALE UNDER $500K! Excellent opportunity to own a commercial office condominium at Yonge & Clark in Thornhill. Approx. 940 SF Gross / 747 SF usable, with a highly functional square layout and convenient access to Yonge Street, public transit and area amenities. Located near the planned Yonge North Subway Extension, offering potential long-term connectivity and investment benefits. Well suited for a variety of professional and business uses, subject to applicable zoning and approvals. The premises have operated for approximately 19 years as a jewelry wholesale business and feature two furnished private offices, a spacious main presentation/work area and one exclusive-use underground parking space. Existing security features include an electric controlled-entry "Man Trap" system, reinforced steel doors, built-in wall safes and a dedicated safe room with reinforced ceiling/exterior wall. An excellent opportunity for an owner-user, investor or business requiring enhanced on-site security. PLEASE NOTE: Premises require minor work, including drywall touch-ups and painting. The unit and all included chattels, furniture and security equipment are being offered strictly on an"AS-IS, WHERE-IS" basis, unless otherwise agreed to in writing. Buyer to satisfy itself regarding permitted use, measurements and suitability of the premises for its intended use. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$498K
Down payment30% · $149K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$32K

Annual cash flow

$4K

Cash-on-cash

2.86%

DSCR

1.16

Going-in cap

6.40%

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

141,956

Households

58,837

Median income

$131,000

Median age

37.4

Daytime population

139,031

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 312 - 7368 YONGE STREET, Vaughan (Crestwood-Springfarm-Yorkhill).

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.