For Sale · Retail

3010-3016 DUNDAS STREET W, Toronto (Junction Area)

3010-3016 DUNDAS STREET W, Toronto (Junction Area), ON M6P1Z3

$8.0M total

9,940 SF

Asset Class

Retail

Size

9,940 SF

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

$805

Occupancy

97%

About this property

RARE JUNCTION MIXED-USE INVESTMENT WITH MAJOR DEVELOPMENT UPSIDE! Prime 69.25 ft frontage x 173 ft depth on Dundas St W in the heart of The Junction, one of Toronto's most sought-after and fastest-growing neighbourhoods. Approx. 9,940 gross sq ft featuring 3 retail units plus 1 residential unit, with 5 washrooms. Strong in-place income: total potential revenue of $314,000 and NOI of $277,393. Collect stable cash flow today while you plan for tomorrow. HUGE DEVELOPMENT POTENTIAL: The proposed development for the site is a mixed-use, mid-rise commercial/residential rental complex containing 15 storeys, with 2 commercial rental units and 123 proposed residential rental units. The proposed GFA is approximately 117,950 SF (9.49 FSI). Zoned CR (Commercial Residential) within a Mixed Use Areas designation. Surrounded by trendy cafes, restaurants, breweries and boutiques, with TTC at your door and quick access to the UP Express, Bloor GO and the Junction Triangle. Ideal for investors, developers and end-users alike. Opportunities like this on Dundas West don't come along often. Don't miss it! Receivership sale, sold "as is, where is" without representations or warranties. (id:66811)

Financial sandbox

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Estimate
Purchase price$8.00M
Down payment30% · $2.40M
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$37K

Projected NOI

$529K

Annual cash flow

$86K

Cash-on-cash

3.59%

DSCR

1.19

Going-in cap

6.62%

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
Vector Robotics9,602 SF2030-03

Area demographics

Trade area within 3 miles of the property.

Population

66,014

Households

24,281

Median income

$77,000

Median age

43

Daytime population

57,155

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 3010-3016 DUNDAS STREET W, Toronto (Junction Area).

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.