For Sale · Specialty

PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities)

PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities), ON M5A0Y5

Price on request

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

85%

About this property

Looking for parking in the heart of downtown Toronto? Secure your own underground parking space at 15 Richardson Street, ideally situated near Queens Quay and the city's vibrant waterfront. Parking Spot #36 is located on Level P3 within a condominium building equipped with concierge services and monitored security. Enjoy the convenience of having a dedicated parking space close to the Financial District, waterfront attractions, nearby residential communities, and major transportation routes. A practical parking option in a prime downtown location. Available for immediate occupancy at $300 per month. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

138,212

Households

55,614

Median income

$76,500

Median age

44.6

Daytime population

123,501

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities).

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.