Business For Sale · Office

317 QUEEN STREET S, Mississauga (Streetsville)

317 QUEEN STREET S, Mississauga (Streetsville), ON L5M1M3

$1.4M total

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

95%

About this property

Great Opportunity for Investment/Live/Work Property Located at the corner of Queen St S & Church St in Famous Destination Olde Village of Streetsville. Residence with Commercial Unit, Zone STR - TR5. Permit issued on 2002-09-05 for Private Office within Single Family Dwelling (No Employees) described as Commercial Office - Single User. Classic Georgian Centre Hall Style - known as the McKeith Home built in 1852 and it is Designated under the terms of the Ontario Heritage Act as part of the Streetsville Heritage Conservation District, refer to Heritage Impact Assessment on file. Potential to convert entire home to commercial office space, proposed sketch for additional parking is on file. See sketch of former kitchen, now a blank slate for your dream kitchen. Newly renovated interior, generous size principal rooms, 2218 sq ft of living space. Was used as a Chiropractor Clinic, great street exposure. Backsonto green space and the Credit River ravine, gentle slope with panoramic view. Newly renovated interior, carpet free. Updated furnace & owned hot water tank in 2017. Washer & Dryer. New gas fireplace in living room. Attachments: Survey, Pre-listing Inspection Report, Heritage impact assessment report, Letterfrom Streetsville Heritage Conservation with FAQ for future potential, 2024 tax bill, Letterfrom Credit Valley Conservation Authority. Floor Plan. Excellant future development potential, subject to all required zoning amendments, variance, and municipal approvals from the City of Mississauga. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$95K

Annual cash flow

$21K

Cash-on-cash

5.06%

DSCR

1.27

Going-in cap

7.06%

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

121,299

Households

49,115

Median income

$80,500

Median age

40.7

Daytime population

134,113

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 317 QUEEN STREET S, Mississauga (Streetsville).

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.