1/10B6 - 3101 KENNEDY ROAD E, Toronto (Milliken)
B6 - 3101 KENNEDY ROAD E, Toronto (Milliken), ON M1V0G9
$180,000 total
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Asset Class
Specialty
Size
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Building class
C
Zoning
US — Urban Services
$ / SF
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Occupancy
91%
About this property
Exceptional opportunity to own a Spa & Retail Business in a brand-new commercial plaza Gourmet City at a prime Scarborough location. This is currently the only fully renovated spa and retail unit within the entire development. Professionally finished with quality improvements, allowing immediate occupancy and operation while avoiding the time cost, and uncertainty of completing a new build-out. Strategically located at the high-traffic intersection of Kennedy Rd and McNicoll Ave, surrounded by established residential communities, schools, restaurants, shopping centres, and major transportation routes. This unit is ideal for a variety of uses including bakery, Catering/food processing, computer and electronic sale, dry cleaner with on site service, financial institution and more. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$831
Projected NOI
$12K
Annual cash flow
$2K
Cash-on-cash
4.63%
DSCR
1.25
Going-in cap
6.93%
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
134,434
Households
46,400
Median income
$90,500
Median age
43.8
Daytime population
200,641
5-yr growth
5.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for B6 - 3101 KENNEDY ROAD E, Toronto (Milliken).
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.