For Lease · Office

210 - 11615 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate)

210 - 11615 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate), ON L6P4N5

Price on request

—

Asset Class

Office

Size

—

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

86%

About this property

Office on the second floor for lease featuring 4 separated offices, reception area and kitchen in a newly built Plaza in good populated neighborhood with high-traffic at the intersection of Mayfield Road and McVean Drive. Unit is well suited for various professional uses such as Immigration services, mortgage brokerage, accounting, law office etc. Elevator access for the second floor. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

46,228

Households

20,962

Median income

$116,500

Median age

32.7

Daytime population

69,827

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 210 - 11615 MCVEAN DRIVE, Brampton (Toronto Gore Rural Estate).

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.