502 - 124 MERTON STREET, Toronto (Mount Pleasant West)502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 2502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 3502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 4502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 5502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 6502 - 124 MERTON STREET, Toronto (Mount Pleasant West) — photo 7
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For Lease · Office

502 - 124 MERTON STREET, Toronto (Mount Pleasant West)

502 - 124 MERTON STREET, Toronto (Mount Pleasant West), ON M4S2Z2

$10 per sq ft / yr

—

Asset Class

Office

Size

—

Building class

C

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

84%

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
Occupancy84%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

9.53%

DSCR

1.52

Going-in cap

8.40%

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

115,238

Households

39,939

Median income

$113,500

Median age

35.5

Daytime population

105,522

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 502 - 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.