For Lease · Land

720 SHEPPARD AVENUE E, Toronto (Bayview Village)

720 SHEPPARD AVENUE E, Toronto (Bayview Village), ON M2K1B7

Price on request

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Asset Class

Land

Size

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Building class

C

Zoning

AG — Agricultural

$ / SF

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Occupancy

87%

About this property

Prime Vacant Commercial Corner Lot, Steps from Bessarion Station. A leasing opportunity on a 21,000 sq ft vacant corner lot at Sheppard Avenue East, directly adjacent to Bessarion Station on Line 4. With a development application already in place, this site is not available for construction, but offers exceptional flexibility for a wide range of interim land uses across its sizable, fully exposed corner footprint.Ideal for: Commercial parking lot or fleet/vehicle storage (high-traffic corner location with strong visibility from Sheppard Ave), Outdoor self-storage / container storage yard, Contractor or equipment staging yard for nearby construction projects, Pickleball or sports courts (multi-court facility, leveraging subway-adjacent access), Seasonal pop-up markets, food truck park, or outdoor event space, Driving school or vehicle training pad, Garden centre or seasonal retail (holiday tree lot, pumpkin patch)Location highlights: corner exposure with frontage on Sheppard Avenue East, immediate adjacency to Bessarion subway station for unmatched transit accessibility, and surrounded by dense residential and commercial development in the North York corridor - ensuring strong foot and vehicle traffic for any commercial use.A flexible, short-to-medium-term opportunity to generate income from an otherwise dormant development site. Terms negotiable; tenant improvements subject to landlord approval given pending development status. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

76,606

Households

33,681

Median income

$91,000

Median age

43.1

Daytime population

120,080

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 720 SHEPPARD AVENUE E, Toronto (Bayview 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.