For Sale · Office

349 - 4750 YONGE STREET, Toronto (Lansing-Westgate)

349 - 4750 YONGE STREET, Toronto (Lansing-Westgate), ON M2N5M6

$180,000 total

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

96%

About this property

Located at the highly desirable intersection of Yonge Street and Sheppard Avenue, this well-maintained third-floor office offers a clean, professional environment ideal for a wide range of business uses. The space features excellent lighting, creating a bright and welcoming atmosphere, while the efficient layout maximizes functionality for both individual work and collaborative activities. Surrounded by a diverse mix of professionals-including legal, accounting, financial, mortgage, wellness, medical, and dental practitioners-this unit is well-suited for businesses seeking a reputable and synergistic setting. The location provides exceptional convenience, with immediate access to public transit, bus stops, restaurants, shopping, and nearby amenities such as gyms and quick connections to Highway 401. The building is modern and secure, offering a comfortable lobby and professional on-site management. Additional features include HVAC heating and cooling for year-round comfort. The unit is currently tenanted at $1,200 per month, with the new owner to assume the existing tenant. Overall, this is a practical, strategically located office space ideal for investors or business owners seeking a central, professional workspace. (id:66811)

Financial sandbox

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Estimate
Purchase price$180K
Down payment30% · $54K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$831

Projected NOI

$11K

Annual cash flow

$808

Cash-on-cash

1.50%

DSCR

1.08

Going-in cap

5.99%

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

130,738

Households

61,793

Median income

$123,000

Median age

35.8

Daytime population

116,294

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 349 - 4750 YONGE STREET, Toronto (Lansing-Westgate).

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.