For Lease · Specialty

P114 - 11 WELLESLEY STREET W, Toronto (Bay Street Corridor)

P114 - 11 WELLESLEY STREET W, Toronto (Bay Street Corridor), ON M4Y0G4

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

92%

About this property

Underground parking space available for lease at 11 Wellesley Street West, Toronto. Secure and convenient access with a key and fob, plus direct elevator service. Green P public parking is located on the first level for easy visitor parking.Excellent downtown location-just steps from Wellesley Subway Station and within walking distance of the Eaton Centre, restaurants, cafés, offices, and other amenities. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

71,823

Households

30,528

Median income

$68,000

Median age

38.1

Daytime population

69,625

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for P114 - 11 WELLESLEY STREET W, Toronto (Bay Street Corridor).

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.