Business For Sale · Specialty

1167 DUNDAS STREET W, Toronto (Trinity-Bellwoods)

1167 DUNDAS STREET W, Toronto (Trinity-Bellwoods), ON M6J1X3

$2.4M total

—

Asset Class

Specialty

Size

—

Building class

B

Zoning

US — Urban Services

$ / SF

—

Occupancy

84%

About this property

Located a few steps from Ossington Ave. in the Trinity-Bellwoods neighbourhood, this 3 storey property is configured as main floor commercial, 2 x 3 bedroom apartments with decks above, and separate basement unit used for storage/studio below. 1167 Dundas St W. offers an excellent opportunity for an investor to purchase a building in one of the most dynamic areas in Toronto. The Main floor is leased to an established and successful clothing retailer. The second floor 3 bedroom and basement are leased on a month to month basis. The 3rdfloor, newly renovated 3 bedroom apartment is vacant allowing a buyer to occupy the unit or set their own rents. All tenants are paying close to market rent meaning this property boasts the potential of achieving an estimated cap rate of over 5%. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.40M
Down payment30% · $719K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$123K

Annual cash flow

$-10K

Cash-on-cash

-1.33%

DSCR

0.93

Going-in cap

5.14%

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

60,364

Households

21,639

Median income

$110,500

Median age

46

Daytime population

97,574

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 1167 DUNDAS STREET W, Toronto (Trinity-Bellwoods).

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.