For Sale · Retail

B6 - 3101 KENNEDY ROAD, Toronto (Milliken)

B6 - 3101 KENNEDY ROAD, Toronto (Milliken), ON M1V4Y1

$1.0M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

96%

About this property

Exceptional opportunity to own a fully improved retail unit in the brand-new Gourmet City commercial plaza. One of the very few completed units within the development, this turnkey space is professionally finished and ready for immediate occupancy, saving buyers significant time and build-out costs. Located at the highly visible intersection of Kennedy Rd & McNicoll Ave, the property benefits from strong vehicular and pedestrian traffic, a dense surrounding residential population, and close proximity to schools, restaurants, shopping amenities, and major transit routes. Excellent exposure, ample visitor traffic, and outstanding growth potential make this an ideal opportunity for both owner-users and investors seeking a presence in one of Scarborough's most vibrant commercial nodes. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.05M
Down payment30% · $315K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$64K

Annual cash flow

$6K

Cash-on-cash

1.93%

DSCR

1.10

Going-in cap

6.12%

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

86,632

Households

37,083

Median income

$84,500

Median age

41.6

Daytime population

128,039

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for B6 - 3101 KENNEDY ROAD, Toronto (Milliken).

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.