201 - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico)
For Sale · Office

201 - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico)

201 - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico), ON M8V1B5

Price on request

770 SF

Asset Class

Office

Size

770 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

93%

About this property

Medical/Professional Suite | 770 sq. ft. | Second Floor A great opportunity to establish or expand your practice in a medical building. This 770 sq. ft. second-floor space is currently used by four family doctors who are relocating to another floor in the building. The suite may suit a medical practice or related professional use, offering an opportunity to join a building with approximately eight family doctors and serve the surrounding community.Asking rent: $119 per sq. ft. per annum, or approximately $7,635.83 per month, currently all-inclusive. Utilities are expected to be separately metered in the future, with the rental rate adjusted accordingly, subject to lease terms. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

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.

Rent roll (estimated)

TenantAreaExpiry
Blue Harbour Design458 SF2033-11
Blue Harbour Design400 SF2033-11

Area demographics

Trade area within 3 miles of the property.

Population

85,589

Households

31,778

Median income

$120,500

Median age

35.3

Daytime population

109,776

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 201 - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico).

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.