For Sale · Retail

25 - 60 INNOVATOR AVENUE, Whitchurch-Stouffville (Stouffville)

25 - 60 INNOVATOR AVENUE, Whitchurch-Stouffville (Stouffville), ON L4A0Y2

$1.2M 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

89%

About this property

Demanding location, luxuriously finished, 2006 sf office & warehouse move in ready, commercial industrial condominium complex (Zoning IP-H) conveniently located in business park area in the heart of Stouffville (Markham Road and Main Street) with ample parking on site. 1500sf of tastefully decorated office space with mezzanine floor cleverly designed as a 2-storey self contained suite with 1 reception area, 1 multi-function open area, 1 meeting room, 4 offices, 1 pantry, and 2 washrooms ( one on each floor). Warehouse is 18 ft high with back door and drive-in loading dock, ideal for showroom, studio, institution, corporate and professional offices, etc. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.19M
Down payment30% · $357K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$71K

Annual cash flow

$5K

Cash-on-cash

1.30%

DSCR

1.07

Going-in cap

5.93%

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

43,661

Households

17,633

Median income

$94,500

Median age

45.1

Daytime population

61,642

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 25 - 60 INNOVATOR AVENUE, Whitchurch-Stouffville (Stouffville).

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.