Business For Sale · Retail

102 - 2425 EGLINTON AVENUE E, Toronto (Kennedy Park)

102 - 2425 EGLINTON AVENUE E, Toronto (Kennedy Park), ON M1K4G8

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

95%

About this property

Located at the busy intersection of Eglinton and Kennedy, this unit is currently operating as a mortgage office. Upon entry, you're greeted by a reception area leading to two private rooms and a large boardroom suitable for meetings. The space offers excellent exposure with abundant natural light and features two separate entrances for added convenience. The current lease runs until November 2028, with potential to negotiate a longer term with the landlord. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

139,205

Households

55,402

Median income

$78,000

Median age

42.6

Daytime population

235,810

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 102 - 2425 EGLINTON AVENUE E, Toronto (Kennedy Park).

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.