For Lease · Retail

2471 YONGE STREET, Toronto (Mount Pleasant West)

2471 YONGE STREET, Toronto (Mount Pleasant West), ON M4P2H6

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

99%

About this property

Prime leasing opportunity along the vibrant Yonge Street corridor in Midtown Toronto, just north of Yonge & Eglinton. Currently used as a restaurant, in a highly visible location with strong pedestrian and vehicular traffic. Surrounded by established residential neighbourhoods, boutique shopping, popular restaurants, independent businesses, parks and convenient transit. An excellent opportunity for a business seeking strong street presence, accessibility and exposure in one of Midtown Toronto's most active commercial corridors. Net Rent: $5,900/month + TMI $2,711.33/month, plus HST and utilities. 1 parking space included. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

101,601

Households

35,070

Median income

$125,000

Median age

39.3

Daytime population

115,624

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 2471 YONGE STREET, Toronto (Mount Pleasant West).

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.