For Sale · Retail

MAIN - 4844 YONGE STREET, Toronto (Lansing-Westgate)

MAIN - 4844 YONGE STREET, Toronto (Lansing-Westgate), ON M2N5N2

Price on request

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

94%

About this property

Prime Corner Retail Opportunity on Yonge Street! Situated at Yonge Street and Harlandale Avenue, just north of Sheppard Avenue, this high-visibility retail space offers approximately 1,694 sq. ft. of retail area, expansive storefront windows, and additional basement space. Excellent exposure along the busy Yonge Street corridor, with convenient Green P public parking at the rear of the property. Steps to Sheppard-Yonge TTC Subway Station and Yonge Sheppard Centre, with easy access to Highway 401. Asking $18,000/month Net Rent + $2,865/month TMI + HST + Utilities. One surface parking space available at the rear of the property. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

107,636

Households

50,591

Median income

$124,000

Median age

32.4

Daytime population

130,835

5-yr growth

1.4%

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

Secure deal room

Confidential diligence documents for MAIN - 4844 YONGE STREET, Toronto (Lansing-Westgate).

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.