Business For Sale · Specialty

287 COLLEGE STREET, Toronto (Kensington-Chinatown)

287 COLLEGE STREET, Toronto (Kensington-Chinatown), ON M5T1S2

$69,999 total

1,500 SF

Asset Class

Specialty

Size

1,500 SF

Building class

C

Zoning

US — Urban Services

$ / SF

$47

Occupancy

86%

About this property

Prime High-Traffic Chinatown Opportunity! Located at Spadina & College - steps to UofT, TTC, Kensington Market, restaurants & retail. Approx. 1500 total sq.ft. plus large basement, 2 washrooms, newer equipment & modern designer renovation throughout. Turn-key buildout - concept ready for your own brand. Excellent exposure & strong foot traffic. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$70K
Down payment30% · $21K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$323

Projected NOI

$4K

Annual cash flow

$-232

Cash-on-cash

-1.11%

DSCR

0.94

Going-in cap

5.21%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group737 SF2032-10
Meridian Health Group400 SF2032-10
Meridian Health Group400 SF2032-10
Meridian Health Group400 SF2032-10

Area demographics

Trade area within 3 miles of the property.

Population

94,043

Households

37,546

Median income

$90,000

Median age

44.3

Daytime population

87,652

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for 287 COLLEGE 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.