Business For Sale · Land

110-112 SHEPPARD AVENUE W, Toronto (Lansing-Westgate)

110-112 SHEPPARD AVENUE W, Toronto (Lansing-Westgate), ON M2N1M5

$5.0M total

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Asset Class

Land

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

83%

About this property

**** Unbelievable Opportunity**** Prime Location**** Yonge And Sheppard**** A rare find of 100 footer Lot in the prime location presenting Multiple Options. A build of proposed 30 residential unit with all preliminary work having been done and agreed with the City is available. Option for a bigger development exists and can be explored further. Architectural drawings are in Place for the proposed 30 units. The current Land has a habitable Bunglow. This is the prime investment Opportunity with multitude of options for you...A lot of painstaking work has already been completed. (id:66811)

Financial sandbox

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Estimate
Purchase price$5.00M
Down payment30% · $1.50M
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$23K

Projected NOI

$233K

Annual cash flow

$-44K

Cash-on-cash

-2.94%

DSCR

0.84

Going-in cap

4.66%

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

111,068

Households

50,874

Median income

$96,500

Median age

31.8

Daytime population

108,533

5-yr growth

4.2%

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

Secure deal room

Confidential diligence documents for 110-112 SHEPPARD AVENUE W, Toronto (Lansing-Westgate).

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.