For Sale · Office

B - 3485 KINGSTON ROAD, Toronto (Scarborough Village)

B - 3485 KINGSTON ROAD, Toronto (Scarborough Village), ON M1M1R4

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

99%

About this property

Unique opportunity for a professional or small business to become a Marketing Partner within an established real estate office. Private office space available through a Licence to Occupy arrangement, ideal for an accountant, mortgage professional, paralegal, lawyer, insurance or financial professional, marketing professional, consultant or other complementary professional service. Operate your business from a professional, client-friendly environment while benefiting from access to shared common areas and amenities. An excellent opportunity for professionals looking to establish or expand their presence in a collaborative business environment with potential for networking, cross-promotion and complementary business relationships. Suitable for an independent professional, small business or satellite office. Flexible occupancy options may be available. Professional uses subject to approval. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

66,355

Households

23,780

Median income

$101,000

Median age

44.2

Daytime population

100,423

5-yr growth

7.7%

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

Secure deal room

Confidential diligence documents for B - 3485 KINGSTON ROAD, Toronto (Scarborough 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.