505 - 124 MERTON STREET, Toronto (Mount Pleasant West)505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 2505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 3505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 4505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 5505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 6505 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 7
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For Lease · Office

505 - 124 MERTON STREET, Toronto (Mount Pleasant West)

505 - 124 MERTON STREET, Toronto (Mount Pleasant West), ON M4S2Z2

$10 per sq ft / yr

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Asset Class

Office

Size

—

Building class

A

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

95%

About this property

NEW PROMOTIONAL RATE: Year 1 discounted rate available for the first 2 qualified tenants who sign a min. 5-year lease before Dec 31, 2026! PLUS a limited-time incentive of 2 months net-free rent during the initial term, and Landlord-offered custom flooring/upgrade packages for select units. Flexible terms & various unit sizes available.Take your business to the next level in Midtown Toronto, in the heart of Davisville Village! This prime, centrally located Boutique Designer building known as "The Empress Building" is steps from TTC transit & abundant local amenities. Onsite management, daily cleaning, elevators, accessible washrooms, staff underground parking, & a unique 2nd-floor patio courtyard. Welcoming ambience suited for professional offices, clinical/supportive services, and creative uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$10
Down payment30% · $3
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

13.20%

DSCR

1.71

Going-in cap

9.50%

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

108,765

Households

44,650

Median income

$76,500

Median age

42.5

Daytime population

183,574

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for 505 - 124 MERTON STREET, Toronto (Mount Pleasant West).

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.