For Lease · Specialty

310 CUMBERLAND STREET N, Thunder Bay (Court / Cumberland)

310 CUMBERLAND STREET N, Thunder Bay (Court / Cumberland), ON P7A4N8

Price on request

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

93%

About this property

For Lease - 310 Cumberland Street N. Bright, freshly painted, and ready for immediate occupancy, this 878 sq. ft. front-unit commercial space offers a versatile layout at $1,250 per month plus hydro. The unit features a welcoming open area, a second flexible space, a dedicated office, kitchen, and 3-piece bathroom, providing a practical setup for a variety of business uses. Two parking spaces are also available for added convenience.Currently vacant and ready for your business, this clean and functional space offers an excellent opportunity to establish your business in a convenient location. Bring your ideas and make this space work for your needs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

126,886

Households

54,438

Median income

$67,500

Median age

40.7

Daytime population

213,540

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 310 CUMBERLAND STREET N, Thunder Bay (Court / Cumberland).

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.