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For Sale · Retail

60, 62, 64 HURONTARIO STREET, Collingwood

60, 62, 64 HURONTARIO STREET, Collingwood, ON L9Y2L6

$4.0M total

9,300 SF

Asset Class

Retail

Size

9,300 SF

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

$430

Occupancy

96%

About this property

A rare opportunity to acquire a versatile 2 storey commercial building in the heart of Historic Downtown Collingwood. Perfectly situated on a premium block between First and Second Streets this 9000 + sq building offers exceptional potential for Investors or Owner-Users. The property features a vacant, move-in-ready 2500 sq ft storefront on the main level, two additional income-producing storefronts, and a stunning 4600 sq ft finished second floor space also fully rented. The upper level boasts an open plan layout with exposed brick, wood/glass features and large windows offering abundant natural light. The upper level space can be accessed off of Hurontario St or from the back of the building. Parking for 8 to 10 cars at the rear of the building that can be accessed off lane way off Second St.Call for more information on this one-of-a- kind, high visibility building that's a prime downtown offering. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$4.00M
Down payment30% · $1.20M
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$18K

Projected NOI

$266K

Annual cash flow

$45K

Cash-on-cash

3.71%

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.

Rent roll (estimated)

TenantAreaExpiry
Prairie Coffee Roasters5,886 SF2030-07
Prairie Coffee Roasters1,989 SF2030-07
Prairie Coffee Roasters681 SF2030-07
Prairie Coffee Roasters400 SF2030-07

Area demographics

Trade area within 3 miles of the property.

Population

47,430

Households

19,747

Median income

$85,500

Median age

41.1

Daytime population

63,573

5-yr growth

4.3%

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

Secure deal room

Confidential diligence documents for 60, 62, 64 HURONTARIO STREET, Collingwood.

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.