1662 MIDLAND AVENUE, Toronto (Dorset Park)
For Sale · Industrial

1662 MIDLAND AVENUE, Toronto (Dorset Park)

1662 MIDLAND AVENUE, Toronto (Dorset Park), ON M1P3C2

$7.4M total

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IL — Light Industrial

$ / SF

—

Occupancy

82%

Lot Size

31500 ac

Clear height

31 ft

Loading docks

4

About this property

Good exposure, high traffic, fully tenanted, free standing industrial building, bus stops, 401 nearby. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$7.39M
Down payment30% · $2.22M
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$34K

Projected NOI

$346K

Annual cash flow

$-63K

Cash-on-cash

-2.85%

DSCR

0.85

Going-in cap

4.69%

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

65,863

Households

26,817

Median income

$89,000

Median age

42

Daytime population

63,839

5-yr growth

8.7%

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

Secure deal room

Confidential diligence documents for 1662 MIDLAND AVENUE, Toronto (Dorset Park).

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.