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For Sale · Office

780 GARDEN STREET, Whitby (Pringle Creek)

780 GARDEN STREET, Whitby (Pringle Creek), ON L1N8P2

$2.0M total

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Asset Class

Office

Size

—

Building class

A

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

82%

Lot Size

1.09 ac

About this property

The Mayfield Residence, dating back to 1845 is a distinguished Whitby estate offering a rare opportunity for commercial and investment use. Situated on more than an acre of beautifully landscaped grounds overlooking the Mayfield Towns by Sakmet Developments, this historic property presents a unique blend of character, versatility and modern business potential. The existing mixed-use zoning permits all office uses, creating an ideal setting for medical, dental or chiropractic practices, law and accounting firms, financial services, consulting businesses, design studios, wellness operators and more. The grand main residence offers a versatile layout that can be tailored to a variety of professional uses or configured to combine residential and commercial space, providing flexibility for both owner-users and investors. A separate 1,100 sq. ft. Coach House provides covered parking for three vehicles and generous storage, while the surrounding grounds accommodate an additional eleven exterior parking spaces. Zoning also permits up to four residential units on the property, further expanding its income and redevelopment potential. An exceptional heritage property with multiple possibilities, the Mayfield Residence offers an uncommon opportunity to bring together historic character, functional commercial space and long-term investment potential. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.00M
Down payment30% · $599K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$96K

Annual cash flow

$-14K

Cash-on-cash

-2.41%

DSCR

0.87

Going-in cap

4.82%

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

120,202

Households

47,435

Median income

$114,000

Median age

34.7

Daytime population

110,822

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 780 GARDEN STREET, Whitby (Pringle Creek).

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.