For Sale · Office

208 - 10376 YONGE STREET, Richmond Hill (Mill Pond)

208 - 10376 YONGE STREET, Richmond Hill (Mill Pond), ON L4C3B8

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

89%

About this property

Professional, Commercial Live/Work Condo Building In Prime Location Richmond Hill Downtown. 1460 Sq Ft As Per Mpac. Stunning Interior With Open Concept Layout. Reception Area, 7 Offices, Kitchenette, Full 3Pc Bath With Shower And Laundry. Multiple Uses (Retail/Office/Residential). Ideal For Dental Practices, Spa, Pain Clinic, Cosmetic Surgery or Professonal Office. More. Top Of The Line Leasehold Improvement, High Ceiling and Lots of Natural Light. Tenant to pay utilities, rent + HST + TMI. TMI is $2,213.79/mo. Busy location with ample visitor parking. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

108,759

Households

49,869

Median income

$104,000

Median age

43.3

Daytime population

106,615

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 208 - 10376 YONGE STREET, Richmond Hill (Mill Pond).

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.