Business For Sale · Retail

604 MARLEE AVENUE, Toronto (Yorkdale-Glen Park)

604 MARLEE AVENUE, Toronto (Yorkdale-Glen Park), ON M6B3J5

$1.5M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

About this property

Prime Mixed-Use Investment Opportunity! Well-maintained mixed-use property in the Marlee/Glencairn Plaza with direct access to convenient plaza parking and subject to annual common plaza maintenace fees. Property is anchored by the fully leased ground-floor commercial retail space providing stable and reliable income flow. Upper levels are comprised of two spacious 2-storey residential units (2 bedroom/1 bathroom each). Apartment A presents an ideal opportunity for owner-occupancy, end-users or immediate rental income. The unit features updated broadloom on staircase, updated windows, updated 1x4pc. bathroom and painted throughout. Apartment B is currently occupied on a month-to-month tenancy. Potential future development opportunities may further enhance the property's long-term value and investment appeal. A versatile asset ideal for investors, owner-operators, or those seeking a property with income and growth potential. Do not miss out! (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

$86K

Annual cash flow

$3K

Cash-on-cash

0.76%

DSCR

1.04

Going-in cap

5.77%

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

95,742

Households

36,566

Median income

$89,500

Median age

42.9

Daytime population

147,798

5-yr growth

3.2%

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

Secure deal room

Confidential diligence documents for 604 MARLEE AVENUE, Toronto (Yorkdale-Glen 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.