For Lease · Office

417 - 190 SHERWAY DRIVE, Toronto (Islington-City Centre West)

417 - 190 SHERWAY DRIVE, Toronto (Islington-City Centre West), ON M9C5N2

$15.5 per sq ft / yr

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Asset Class

Office

Size

—

Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

86%

About this property

Rare sublease opportunity within one of Etobicoke's premier professional and medical office buildings. This bright corner suite offers approximately 1,068 SF of professionally finished office space with an efficient layout and excellent natural light throughout. Located adjacent to Trillium Health Partners and within a well-established healthcare campus, the property benefits from a strong professional tenant mix, professional management, and convenient access to Highway 427, the QEW, and Sherway Gardens. Approximately three years remain on the current lease term, providing an excellent opportunity for professional office, healthcare, and related users seeking a turnkey location. Certain uses are restricted under the head lease. Landlord consent is required. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$16
Down payment30% · $5
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$1

Annual cash flow

$0

Cash-on-cash

0.02%

DSCR

1.00

Going-in cap

5.55%

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

88,000

Households

34,113

Median income

$129,500

Median age

38.2

Daytime population

89,827

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 417 - 190 SHERWAY DRIVE, Toronto (Islington-City Centre West).

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.