1/10B11 - 3101 KENNEDY ROAD, Toronto (Milliken)
B11 - 3101 KENNEDY ROAD, Toronto (Milliken), ON M1V4Y1
$819,900 total
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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
87%
About this property
Direct Sale - Not an Assignment Sale! Prime turnkey commercial investment opportunity at Gourmet City (Kennedy & McNicoll)! Occupying a prominent central position within this newly built commercial plaza, this approx. 734 sq. ft. unit (including a mezzanine with soaring 20-foot ceilings) is currently leased to an operating restaurant on a 5+5 year lease. Enjoy immediate, stable rental income without the hassle of build-out or permit delays. Conveniently located with easy public transit access and just minutes from Hwy 5, 404 & 407-an ideal, low-maintenance asset for commercial real estate investors! (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$4K
Projected NOI
$38K
Annual cash flow
$-7K
Cash-on-cash
-2.89%
DSCR
0.84
Going-in cap
4.67%
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
46,469
Households
18,555
Median income
$95,500
Median age
45.6
Daytime population
46,656
5-yr growth
6.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for B11 - 3101 KENNEDY ROAD, Toronto (Milliken).
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.