For Lease · Retail

102 - 14 MCCAUL STREET, Toronto (Kensington-Chinatown)

102 - 14 MCCAUL STREET, Toronto (Kensington-Chinatown), ON M5T1V6

$69 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

87%

About this property

Approximately 2,500 sq. ft. of main-floor commercial space for lease at 14 McCaul Street, just off Queen Street West near University Avenue. Prominent McCaul Street frontage, approximately 10 ft. of clear height and a flexible floor plan make the premises a strong candidate for a medical or dental clinic, allied health practice, client-facing professional office, specialty retailer or showroom. The layout offers scope to plan reception, consultation and treatment rooms or display areas to suit the tenant's operations. Proposed uses and build-outs are subject to applicable zoning and required approvals.The property offers convenient access to Toronto's hospital district, including Mount Sinai Hospital, SickKids and Toronto General Hospital, as well as the Ontario Superior Court of Justice courthouses on University Avenue. OCAD University, the Art Gallery of Ontario and Queen West's shops and restaurants draw students, residents, professionals and visitors through the area. Nearby Osgoode Station and Queen Street streetcar service provide convenient access for patients, clients, customers and staff. (id:66811)

Financial sandbox

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Estimate
Purchase price$69
Down payment30% · $21
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$3

Annual cash flow

$-1

Cash-on-cash

-3.16%

DSCR

0.83

Going-in cap

4.59%

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

54,254

Households

21,520

Median income

$134,000

Median age

39

Daytime population

52,510

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 102 - 14 MCCAUL STREET, Toronto (Kensington-Chinatown).

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.