Business For Sale · Multifamily

6-8 JOHN STREET, Toronto (Weston)

6-8 JOHN STREET, Toronto (Weston), ON M9N1J3

$1.1M total

2,637 SF

Asset Class

Multifamily

Size

2,637 SF

Building class

B

Zoning

RA8 — Medium Rise

$ / SF

$417

Occupancy

89%

About this property

Excellent cap rate, a unique freestanding corner building with constant cash flow, great investment return with proven solid upward growth. Versatile property consisting of 2+1 long established commercial units, One 3 bedrooms (Fully renovated) with private ensuite washer/dryer brand new appliances and fixtures and one 2-Bedroom space at upper level, all with separate entrances, and Two parking space at rear with no condo fees. Live in one and collect constant cash from 4 other leased units if you want. Fully leased with stable tenants, never been vacant. Exceptional transit (TTC, GO, LTR, etc), at doorsteps and 400,401 ,427 HWY access. Great exposure in rapidly growing Weston surrounded by residential development. Unique Investment return with incoming raises. Newer roof, high-efficiency furnace and water heater. Fully detached with separate civic addresses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.10M
Down payment30% · $330K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$47K

Annual cash flow

$-14K

Cash-on-cash

-4.30%

DSCR

0.77

Going-in cap

4.25%

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
Prairie Coffee Roasters1,585 SF2030-07
Prairie Coffee Roasters772 SF2030-07

Area demographics

Trade area within 3 miles of the property.

Population

103,472

Households

40,730

Median income

$84,000

Median age

31.4

Daytime population

158,404

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 6-8 JOHN STREET, Toronto (Weston).

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.