For Lease · Land

17 - 681 YONGE STREET, Barrie (Painswick South)

17 - 681 YONGE STREET, Barrie (Painswick South), ON L4N4E8

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

90%

About this property

1,275 square feet of commercial / retail space ready for tenant fixturing. Ground level unit connected to a new seven story condo building fronting Yonge St. Surrounded by additional residential developments and numerous amenities within walking distance - banks, Zehr's, Shoppers Drug Mart, food offerings, public library and more. Barrie South GO station minutes away and quick access to highway 400. Ideal opportunity for medical professionals, physiotherapists, chiropractors, lawyers, accountants, real estate, coffee shops, bakery as a few examples. Asking $23.00 Net Rent per square foot per annum and Additional Rent of $14.87 per square foot per annum is estimated for 2023. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

65,164

Households

26,205

Median income

$106,500

Median age

43.8

Daytime population

65,888

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 17 - 681 YONGE STREET, Barrie (Painswick South).

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.