Business For Sale · Land

2763 KINGSTON ROAD, Toronto (Cliffcrest)

2763 KINGSTON ROAD, Toronto (Cliffcrest), ON M1M1M8

$2.2M total

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Asset Class

Land

Size

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Building class

A

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

88%

About this property

Part Of A Two Property Land Assembly Along With 2759 Kingston Road. Both Properties Must Be Sold Together. Fully approved development site for a 10-storey boutique mid-rise building with a total of 9224.66 square feet of GFA. 162 Feet Of Frontage on Kingston Road. Future Development Will Offer South Facing, Unobstructed Views of Lake Ontario. Nearby Amenities Within Walking Distance Such As Scarborough Bluffs Park, Bluffers Park Beach, Scarborough GO Station, and Grocery Anchored Retail. OFFER (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.20M
Down payment30% · $660K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$10K

Projected NOI

$112K

Annual cash flow

$-10K

Cash-on-cash

-1.47%

DSCR

0.92

Going-in cap

5.10%

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

135,701

Households

50,766

Median income

$113,000

Median age

31.8

Daytime population

168,028

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 2763 KINGSTON ROAD, Toronto (Cliffcrest).

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.