Business For Sale · Retail

228 - 7163 YONGE STREET, Markham (Thornhill)

228 - 7163 YONGE STREET, Markham (Thornhill), ON L3T0C6

$189,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

89%

About this property

*World on Yonge* Prime Corner Retail Opportunity! Excellent cornmer retail unit located in omeof the busiest corridors of the complex, directly connected to four residential towers. The World on Yonge complex also features office buildings, a hotel, a shopping mall, a supermarket, | banks, restaurants, and numerous other amenities. This beautifully finished corner unit offers excellent exposure and high pedestrian traffic, making it ideal for retail, professionaloffices, medical, or service-related businesses, subject to condominium rules and required approvals.Ample surface and underground visitor parking. Prime location at Yonge St. & Steeles Ave., with convenient access to public transit, Highways 407 & 404, and the future Yonge Subway Extension. Ready for immediate occupancy at an excellent price. An excellent opportunity for investors, entrepreneurs, start-ups, and business owners seeking to establish or expand their business in the highly desirable World on Yonge Complex, offering a prestigious business address and exceptional convenience. (id:66811)

Financial sandbox

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Estimate
Purchase price$189K
Down payment30% · $57K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$873

Projected NOI

$9K

Annual cash flow

$-1K

Cash-on-cash

-2.12%

DSCR

0.89

Going-in cap

4.91%

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

121,325

Households

53,752

Median income

$94,500

Median age

33

Daytime population

132,824

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 228 - 7163 YONGE STREET, Markham (Thornhill).

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.