For Sale · Retail

1447 GERRARD STREET E, Toronto (Greenwood-Coxwell)

1447 GERRARD STREET E, Toronto (Greenwood-Coxwell), ON M4L1Z9

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

86%

About this property

Right in the heart of Gerrard India Bazaar with an eclectic mix of businesses and a thriving local community of residents and independent stores. You are less than 10 minutes from the DVP, 5 minutes to Woodbine Beach, and steps to neighbouring communities of Leslieville and Danforth. The store is the perfect blank canvas for your business providing lots of natural light with a large window facing Gerrard and a functional open floor plan and 2-pc washroom in the basement. Many uses possible! Ideal for a clothing store, art gallery, flower shop, jeweller, bookstore, professional office, service businesses, and more. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

83,979

Households

30,016

Median income

$124,000

Median age

34

Daytime population

105,494

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 1447 GERRARD STREET E, Toronto (Greenwood-Coxwell).

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.