Business For Sale · Retail

11 - 808 YORK MILLS ROAD, Toronto (St. Andrew-Windfields)

11 - 808 YORK MILLS ROAD, Toronto (St. Andrew-Windfields), ON M3B1X8

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

About this property

Location, Location, Location! Exceptional opportunity to sublease a beautifully renovated, turnkey commercial retail storefront in a high-exposure plaza at the prominent corner of York Mills Road and Leslie Street. This sought-after plaza is anchored by national retailers, including Longo's, McDonald's, Shoppers Drug Mart, TD Bank, BMO, and other well-established businesses, generating strong daily traffic and outstanding visibility. Professionally designed and finished to an exceptional standard, this impressive space features soaring 13-foot ceilings, extensive custom millwork and moldings, full marble slab finishes, and premium-quality craftsmanship throughout. Currently operating as a real estate office, the functional layout is ideally suited for a wide range of professional and service-based businesses, including legal, accounting, mortgage, insurance, medical, consulting, wealth management, or a builder/developer showroom. Approximately five years remain on the current lease, with an additional five-year renewal option available, providing excellent long-term flexibility. The plaza also offers abundant, unrestricted surface parking for clients and staff. The incoming tenant will be required to pay $300,000 to the current tenant as partial reimbursement for the substantial leasehold improvements and high-end renovations. This represents an outstanding opportunity to occupy a fully built-out, luxury commercial space while avoiding the significant time, cost, and uncertainty associated with designing and constructing a comparable premises from the ground up. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

104,304

Households

46,354

Median income

$109,500

Median age

33.7

Daytime population

101,624

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 11 - 808 YORK MILLS ROAD, Toronto (St. Andrew-Windfields).

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.