For Sale · Office

2ND FLOOR - 214 PELLATT AVENUE, Toronto (Humberlea-Pelmo Park)

2ND FLOOR - 214 PELLATT AVENUE, Toronto (Humberlea-Pelmo Park), ON M9N2P6

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

86%

Lot Size

2400 ac

About this property

Bright 2,400 sq. ft. entire second floor space. Ideal for professional office use, such as engineering, architectural, design, accounting, legal, and more. Ideal as call centre work area. May be used as a live/work space, since it is equipped with kitchen and laundry facilities.It includes the following rooms: 1) 24'-10"x 16'-0" ; 2) 11'-5"x 8'-9" ; 3) 11'-5"x 10'-0" ; 4) 12'-0"x 15'-6" ; 5) 21'-7"x 15'-6" ; 6) 16'-0"x 11'-8" ; 7) 12'-2"x 12'-2" ; 8) 10'-2"x 8'-8" ; 9) 8'-0"x 16'-7". This office space also features a large balcony (9'-9"x 20'-7") with southern exposure, ideal for that relaxing break that everyone needs. Flooring is oak strip, except for entrance, central corridor and kitchen that have ceramic tile. Ceiling height is 8'-0". Electrical service is 100 Amps. Kitchen has all new appliances. Parking is provided at front of building.Lease is a gross lease.Tenant is responsible for cost of utilities (separately metered). (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

138,190

Households

59,175

Median income

$136,500

Median age

34.9

Daytime population

144,106

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 2ND FLOOR - 214 PELLATT AVENUE, Toronto (Humberlea-Pelmo Park).

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.