Business For Sale · Office

508 - 7191 YONGE STREET, Markham (Grandview)

508 - 7191 YONGE STREET, Markham (Grandview), ON L3T0C4

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

83%

About this property

Amazing Southwest Views in 7191 Yonge St! Architecturally Designed with a Functional Layout Featuring 4 Private Rooms, Including an Extra-Large Glass-Enclosed Boardroom, Reception Area and Waiting Lounge. Ideally Located Beneath the Hotel Within a Retail Shopping Mall, Offering Convenient Access to Banks, Restaurants and Food Court. Prime Yonge & Steeles Location with Excellent Transit Access and Ample Underground Parking Available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

57,922

Households

24,909

Median income

$106,500

Median age

46

Daytime population

50,831

5-yr growth

8.5%

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

Secure deal room

Confidential diligence documents for 508 - 7191 YONGE STREET, Markham (Grandview).

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.