Business For Sale · Multifamily

10055 KEELE STREET, Vaughan (Maple)

10055 KEELE STREET, Vaughan (Maple), ON L6A1G3

$7.5M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

About this property

A unique offering with original ownership since 1994. This property presents excellent re-development potential or continue as a strong investment asset with long-term tenants in place as is. Unlike many surrounding redevelopment projects, this site offers an abundance of space to expand or maintain. Ideally located close to all amenities in the heart of Downtown Maple. This sale includes two merged properties; totaling 0.535 acres, featuring a 3-storey mixed-use building of approximately 14,000 sqft, 34 parking spots, 7 commercial units, and 6 residential units. Bring your vision! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$7.50M
Down payment30% · $2.25M
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$35K

Projected NOI

$296K

Annual cash flow

$-119K

Cash-on-cash

-5.31%

DSCR

0.71

Going-in cap

3.95%

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

79,786

Households

32,586

Median income

$122,500

Median age

35.1

Daytime population

79,738

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 10055 KEELE STREET, Vaughan (Maple).

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.