For Sale · Office

2ND FLOOR - 238 BROADVIEW AVENUE, Toronto (South Riverdale)

2ND FLOOR - 238 BROADVIEW AVENUE, Toronto (South Riverdale), ON M4M2G6

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

96%

About this property

Located at 238 Broadview Avenue, Toronto, this exceptional second-floor commercial space presents a rare opportunity for businesses seeking a prominent and highly accessible location in one of Toronto's most dynamic and rapidly evolving corridors. Offering approximately 1,800 sq. ft. of bright, versatile office space, the premises feature a spacious layout ideal for a wide range of professional uses. Situated along the bustling Broadview Avenue corridor, the property benefits from outstanding visibility, strong surrounding demographics, convenient public transit access, and close proximity to the downtown core, the Danforth, and Toronto's thriving East End community. This is an outstanding opportunity to establish or expand your business in a dynamic location that offers both convenience and prestige, making it an ideal choice for tenants looking to elevate their professional presence in Toronto. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

131,825

Households

52,165

Median income

$84,000

Median age

41.6

Daytime population

208,838

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 2ND FLOOR - 238 BROADVIEW AVENUE, Toronto (South Riverdale).

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.