For Sale · Specialty

401 E WILSON Street E, Ancaster

401 E WILSON Street E, Ancaster, ON L9G2B8

Price on request

400 SF

Asset Class

Specialty

Size

400 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

85%

Lot Size

0.4 ac

About this property

AMAZING OPPORTUNITY TO HAVE YOUR BUSINESS RIGHT IN THE HEART OF ANCASTER'S DOWNTOWN CORE. THIS PROPERTY FEATURES 2 SEPARATE OFFICE ROOMS AS WELL AS A RECEPTION AREA WITH AMPLE PARKING WITH 13 COMMUNAL SPOTS . ROOM SIZES AS FOLLOWS EACH ROOM IS 10X13, LOBBY AREA 10.5X9 AND 2 PIECE BATHROOM. PLEASE PROVIDE CREDIT REPORT, REFERENCES ALONG WITH YOUR APPLICATION. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group400 SF2033-04
Meridian Health Group400 SF2033-04
Meridian Health Group400 SF2033-04

Area demographics

Trade area within 3 miles of the property.

Population

80,649

Households

36,374

Median income

$77,500

Median age

44.8

Daytime population

73,295

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 401 E WILSON Street E, Ancaster.

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.