For Sale · Retail

15198 YONGE STREET, Aurora (Aurora Village)

15198 YONGE STREET, Aurora (Aurora Village), ON L4G1L9

$3.7M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

91%

About this property

Multiple Income Opportunities Under One Roof In Ideal Aurora Location!! Well-Maintained Mixed-Use Commercial Property With Approx 3,895 SqFt Of Total Space & Approx 22 Dedicated Parking Spaces. Two Commercial Spaces And Full Upper Level 2 Bedroom Apartment Generating Additional Rental Income. Featuring 2,745 SqFt Of Commercial Space Set Up As A Full-Service Restaurant And An Optician's Office, Plus 1,150 SqFt Two-Bedroom Apartment Spanning The Upper Level With Full Kitchen, Separate Entrance & Laundry. Five Bathrooms Total, Three In Restaurant, One In Optical Office & One In Apartment. Minutes To Aurora GO Station, Public Transit, Schools, Parks, Restaurants, Shopping, Grocery Stores And Golf Clubs. Prime Yonge Street Location! Lease Both Commercial Spaces Or Operate Your Business From One While Collecting Additional Income From The Other Space & Upper-Level Apartment. A Standout Opportunity To Grow Your Real Estate Portfolio! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.70M
Down payment30% · $1.11M
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$17K

Projected NOI

$198K

Annual cash flow

$-7K

Cash-on-cash

-0.66%

DSCR

0.96

Going-in cap

5.34%

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

124,936

Households

48,206

Median income

$100,000

Median age

32.9

Daytime population

143,280

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for 15198 YONGE STREET, Aurora (Aurora Village).

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.