793 KING STREET W, Toronto (Niagara)793 KING STREET W, Toronto (Niagara) — photo 2793 KING STREET W, Toronto (Niagara) — photo 3793 KING STREET W, Toronto (Niagara) — photo 4793 KING STREET W, Toronto (Niagara) — photo 5793 KING STREET W, Toronto (Niagara) — photo 6793 KING STREET W, Toronto (Niagara) — photo 7793 KING STREET W, Toronto (Niagara) — photo 8793 KING STREET W, Toronto (Niagara) — photo 9
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Business For Sale · Specialty

793 KING STREET W, Toronto (Niagara)

793 KING STREET W, Toronto (Niagara), ON M5V1N4

$12.3M total

7,306 SF

Asset Class

Specialty

Size

7,306 SF

Building class

C

Zoning

DC2 — Site Specific

$ / SF

$1677

Occupancy

86%

About this property

787 King St W, 789 King St W, 791 King St W, 793 King St W, 795 King St W, 797 King St W and 799 King St W combined addresses. 7 fully leased units with stable and long term tenants. 787 KIng W - 1231 sq ft, 789 King St W-520 sq ft , 791 King St W-1585 sq ft. 793 King St W -1358 sq ft, 795 King St W - 1385 sq ft, 797 King St W - 777 sq ft, 799 King St W - 450 sq ft. Optimum investment opportunity with exceptional rental income . Superb High Visibility Locations. Busy Vehicle And Pedestrian Traffic. Steps away from new Bathurst subway station of the new TTC Ontario Line. Also 7 dedicated underground parking spaces included. One Of The Hottest And Rapidly Developing Areas With Several New Condo Developments Nearby. In The Burgeoning Corridor Between King/Bathurst And Liberty Village. Steps away from new Bathurst subway station of the new TTC Ontario Line; AND the TTC streetcar Stops In Front. Includes 7 dedicated Underground Parking spaces . 132 feet frontage combined on King St W. VendorTake Back mortgage is available at favorable terms and Low interest rate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$12.25M
Down payment30% · $3.67M
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$57K

Projected NOI

$743K

Annual cash flow

$64K

Cash-on-cash

1.73%

DSCR

1.09

Going-in cap

6.06%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy6,254 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

86,838

Households

34,736

Median income

$80,500

Median age

42.2

Daytime population

108,822

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for 793 KING STREET W, Toronto (Niagara).

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.