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$1.5M total
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Asset Class
Retail
Size
—
Building class
A
Zoning
CSC — Shopping Centre
$ / SF
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Occupancy
86%
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)
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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.
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.
Confidential diligence documents for 604 MARLEE AVENUE, Toronto (Yorkdale-Glen Park).
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.