For Lease · Retail

35 ST. JOSEPH STREET, Toronto (Bay Street Corridor)

35 ST. JOSEPH STREET, Toronto (Bay Street Corridor), ON M4Y1J8

$56 per sq ft / yr

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

100%

About this property

Prime Commercial Retail Space On Bay St Near Bloor And Wellesley, Large Glass Windows With Great corner Exposure. Beautifully renovated store, the current use is a dessert shop operated by ChocoChoo. The current tenant is looking to partially sublease 222 sqft out of their 1419 sqft space. The new sub-tenant shall be responsible for the cost of separate door and a divisible wall if necessary. Previous Uses include Bubble Tea, Snack, and Cafe. Suitable For, Tea/Coffee/Hair Salon, Medical Or Professional Office And Any Other Retail. Current tenant has lease until August 31, 2030 with option to extend. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$56
Down payment30% · $17
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$3

Annual cash flow

$-0

Cash-on-cash

-0.76%

DSCR

0.96

Going-in cap

5.31%

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

131,219

Households

45,864

Median income

$63,000

Median age

41.9

Daytime population

209,041

5-yr growth

5.2%

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

Secure deal room

Confidential diligence documents for 35 ST. JOSEPH STREET, Toronto (Bay Street Corridor).

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.