For Lease · Retail

2859 ST CLAIR AVENUE E, Toronto (O'Connor-Parkview)

2859 ST CLAIR AVENUE E, Toronto (O'Connor-Parkview), ON M4B1N4

Price on request

—

Asset Class

Retail

Size

—

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

90%

About this property

Looking For A Ready-To-Use Restaurant? This location has been operating as a restaurant for more than 25 Years! Now Available for the next entrepreneur who wants to create something new! It Just Needs Some Love And Attention Before Opening Its Doors Again. Other permitted uses are also welcome. The main floor is offered for lease with the basement. With a walk-in cooler and an updated lint trap. With potential for indoor seating and outdoor seating on the front patio. 1 surface parking spot is included and accessible via the laneway. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

134,830

Households

64,115

Median income

$107,500

Median age

32.8

Daytime population

152,473

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 2859 ST CLAIR AVENUE E, Toronto (O'Connor-Parkview).

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.