Business For Sale · Office

201 - 59 CAMERON STREET, Toronto (Kensington-Chinatown)

201 - 59 CAMERON STREET, Toronto (Kensington-Chinatown), ON M5T2H1

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

85%

About this property

Discover authentic loft living in the heart of downtown Toronto's historic Garment District! Steeped in the city's rich industrial heritage, 206 Spadina Avenue has a fascinating past, with roots in printing, book binding, cigar wrapping, and the leather and textile trades. Built for an era of bustling manufacturing, the building's expansive windows, open floor plans, and solid industrial construction have stood the test of time, creating the ideal setting for today's distinctive live/work space: These newly renovated, upper-floor, east- and west-facing lofts beautifully blend old-world industrial character with modern comfort. Original early-1900s factory hardwood floors add warmth, history, and authenticity to the bright, open-concept interiors. Contemporary kitchens featuring generous islands, newly renovated bathrooms, and freshly painted interiors provide an inviting contrast to the building's historic charm. Whether you're looking for an inspiring place to call home, a creative professional workspace, or the flexibility to enjoy both under one roof, these private lofts offer endless possibilities. A rooftop deck shared exclusively by the building's three units provides a wonderful outdoor escape, while private parking is available at an additional cost. And the location couldn't be more convenient! With the TTC at your doorstep, the vibrant Entertainment District and eclectic Queen West just steps away, you're surrounded by some of Toronto's best restaurants, cafés, galleries, shopping, nightlife, and cultural attractions. Multiple major routes offer convenient access in and out of the downtown core, making getting around the city that much easier. A unique opportunity to experience Toronto's industrial past while enjoying the comforts of contemporary urban living. At 206 Spadina Avenue, history, character, and modern loft living come together in one distinctive downtown address. (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.

Area demographics

Trade area within 3 miles of the property.

Population

86,103

Households

39,353

Median income

$112,500

Median age

34.5

Daytime population

106,225

5-yr growth

7.3%

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

Secure deal room

Confidential diligence documents for 201 - 59 CAMERON STREET, Toronto (Kensington-Chinatown).

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.