For Lease · Retail

1194 KENNEDY ROAD, Toronto (Dorset Park)

1194 KENNEDY ROAD, Toronto (Dorset Park), ON M1P2L1

$31 per sq ft / yr

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

99%

About this property

850 Sqft. retail unit on Kennedy Rd, just north of Lawrence Ave. Fully refurbished interior with new vinyl plank flooring and a new 2-piece bathroom on the street-level retail area. Large east-facing storefront windows suit window displays, with space above for signage. Additional basement space included. Pylon signage along Kennedy Rd available for an additional monthly fee. Landlord is open to uses permitted under the property's zoning, including Medical and Dental Office. TTC bus stop steps away and 5-minute drive to Highway 401. Nearby retailers include Starbucks, The Brick and Goodlife Fitness, alongside furniture, mattress, carpet and home decor stores and a mix of dine-in and fast-food restaurants. (Some photos include overlays highlighting signage.) (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$31
Down payment30% · $9
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$2

Annual cash flow

$0

Cash-on-cash

2.44%

DSCR

1.13

Going-in cap

6.27%

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

137,117

Households

55,197

Median income

$89,000

Median age

44.7

Daytime population

218,868

5-yr growth

9.3%

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

Secure deal room

Confidential diligence documents for 1194 KENNEDY ROAD, Toronto (Dorset Park).

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.