For Sale · Office

431 DAVIS DRIVE, Newmarket (Bristol-London)

431 DAVIS DRIVE, Newmarket (Bristol-London), ON L3Y2P1

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

89%

About this property

Professional Second-Floor Office Space at Davis Drive & Main Street in the Heart of Newmarket! This bright, approximately 850 sq. ft. office features 4 private offices with access to shared kitchenette, washrooms and inviting communal areas throughout the building. Enjoy 24-hour access, elevator service and on-site parking for tenants and clients. Located within a beautifully restored landmark property offering a unique blend of character and modern amenities. A trendy main-floor café provides beverages, light fare and ample seating, a great space for casual client meetings, coffee breaks or informal work sessions. Join an established mix of professional occupants, including real estate and paralegal services. Ideally suited for accountants, lawyers, mortgage and financial professionals, consultants, therapists and a variety of other professional uses. Excellent location just minutes from Southlake Regional Health Centre, with easy access to Main Street Newmarket, restaurants, shops, amenities and public transit. A distinctive professional setting offering the privacy of dedicated office space with the added benefits of a welcoming, collaborative building. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

104,651

Households

43,480

Median income

$91,500

Median age

31.2

Daytime population

110,098

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 431 DAVIS DRIVE, Newmarket (Bristol-London).

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.