For Sale · Office

103 - 477 RICHMOND STREET W, Toronto (Waterfront Communities)

103 - 477 RICHMOND STREET W, Toronto (Waterfront Communities), ON M5V3E7

$1.3M total

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Asset Class

Office

Size

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Building class

B

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

86%

About this property

Prime ground-floor commercial/office condo opportunity. Own a loft style unit in the heart of Toronto, between the Fashion and Entertainment Districts. Previously operated as a high-end Barber Shop. 1,627 SF open-concept space featuring exposed ceilings at 17'8" clear height. Floor-to-ceiling windows, with lots of natural light. Perfect for Retail, Office, Medical, Service and Studio users. Steps from Queen West, King West, TTC access, restaurants, and hotels. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.29M
Down payment30% · $389K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$72K

Annual cash flow

$374

Cash-on-cash

0.10%

DSCR

1.01

Going-in cap

5.57%

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

53,424

Households

20,922

Median income

$128,500

Median age

37.6

Daytime population

58,043

5-yr growth

2.4%

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

Secure deal room

Confidential diligence documents for 103 - 477 RICHMOND STREET W, Toronto (Waterfront Communities).

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.