Business For Sale · Retail

1 - 1468 VICTORIA PARK, Toronto (Victoria Village)

1 - 1468 VICTORIA PARK, Toronto (Victoria Village), ON M4A2M2

$149,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

97%

About this property

Located in a strip plaza, this property is currently operating as an Asian restaurant. It offers excellent corner exposure and plenty of free parking at the front and back of the plaza. The space includes a full kitchen, a walk-in cooler, and 58 seats, with a transferable LLBO. The Victoria Park and Eglinton area is undergoing revitalization, with significant development underway. Rent is $4,500 + HST. The lease expires in August 2031. The space can be converted to any concept. (id:66811)

Financial sandbox

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Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$688

Projected NOI

$10K

Annual cash flow

$2K

Cash-on-cash

3.69%

DSCR

1.20

Going-in cap

6.65%

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

108,231

Households

44,784

Median income

$97,500

Median age

31.5

Daytime population

156,098

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for 1 - 1468 VICTORIA PARK, Toronto (Victoria Village).

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.