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For Lease · Retail

48 GRAND RIVER Street N, Paris

48 GRAND RIVER Street N, Paris, ON N3L2M2

Price on request

1,660 SF

Asset Class

Retail

Size

1,660 SF

Building class

A

Zoning

CSC — Shopping Centre

$ / SF

—

Occupancy

94%

About this property

Excellent opportunity to lease a spacious commercial property in a prime downtown Paris location. Offering approximately of versatile commercial space, this property is ideal for retail, office, studio, or service-based businesses looking to establish themselves in a high-visibility area. While the interior would benefit from cosmetic improvements, it offers tremendous potential to customize the space to suit your business needs. Features include a large front display window for outstanding exposure, front and rear entrances, one dedicated parking space, and a portion of the basement for abundant storage. Property is available for viewing by appointment only. Utilities and TMI are additional. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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
Summit Trades Supply1,555 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

85,510

Households

38,485

Median income

$71,500

Median age

41.6

Daytime population

138,987

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 48 GRAND RIVER Street N, Paris.

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.