Business For Sale · Office

L02 - 77 FLORENCE STREET, Toronto (Little Portugal)

L02 - 77 FLORENCE STREET, Toronto (Little Portugal), ON M6K1P4

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

89%

About this property

725 sq ft of raw creative energy on one of Queen West's best-kept streets. Bright, airy, and full of character - this lower-level loft in a century-old converted factory sits on a serene, tree-lined stretch of Little Portugal that feels like a secret the neighbourhood keeps to itself. Inside: exposed wood beams, polished concrete floors, and an open-concept layout that flexes to fit your vision. Private kitchenette and bathroom on-site. The building itself is half the draw - a tight-knit community of photographers, videographers, stylists, designers, artists, and cultural organizations who feed off each other's energy. Step outside and you're in the thick of it: Queen West galleries, yoga studios, acclaimed restaurants, bars, vintage shops, TTC, and city cycling routes all at your doorstep. This is the kind of address that tells people something about you before you say a word. $2,150/mo semi gross. Flat utility fee $155/mo. 3-year lease preferred - exceptions considered. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

67,115

Households

29,609

Median income

$124,000

Median age

36.6

Daytime population

76,406

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for L02 - 77 FLORENCE STREET, Toronto (Little Portugal).

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.