Business For Sale · Office

UNIT 33 - 209 WICKSTEED AVENUE, Toronto (Leaside)

UNIT 33 - 209 WICKSTEED AVENUE, Toronto (Leaside), ON M4G2C1

$699,000 total

—

Asset Class

Office

Size

—

Building class

B

Zoning

DC1 — Direct Control

$ / SF

—

Occupancy

98%

About this property

Rare opportunity to acquire a turnkey commercial space in Leaside's premier business district, Wicksteed Business Park. Approximately 966 sq. ft. of versatile, clear-span ground-floor space featuring soaring 12-ft exposed ceilings, industrial spiral ductwork, linear architectural lighting and durable polished concrete floors. An adjoining unit is also available, with the option to combine Units 32 and 33 for a total of approximately 1,932 sq. ft., creating a substantially larger and highly adaptable commercial space. Currently configured as a fitness and wellness studio, the space features a renovated bathroom, private treatment room and mirrored wall. Flexible E 1.0 zoning supports a variety of potential uses, including a wellness studio, creative studio, professional offices, specialty retail, food production and other commercial applications. Ground-floor direct access and dedicated on-site surface parking provide added convenience for staff and visitors. Ideally positioned near Laird Drive, Laird Station on the Eglinton Crosstown LRT, the DVP and Highway 401, with easy access to SmartCentres Leaside, specialty cafés, fitness destinations and other neighbourhood amenities. Buyers to verify permitted use, zoning requirements and unit combination feasibility. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$699K
Down payment30% · $210K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$43K

Annual cash flow

$5K

Cash-on-cash

2.20%

DSCR

1.12

Going-in cap

6.20%

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

41,471

Households

16,696

Median income

$119,500

Median age

34.5

Daytime population

40,004

5-yr growth

9.2%

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

Secure deal room

Confidential diligence documents for UNIT 33 - 209 WICKSTEED AVENUE, Toronto (Leaside).

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.