For Sale · Retail

2418 DANFORTH AVENUE, Toronto (East End-Danforth)

2418 DANFORTH AVENUE, Toronto (East End-Danforth), ON M4C1K9

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

85%

About this property

Prime Danforth Avenue Commercial Space with Garage. Set your business up on a busy stretch of Danforth Avenue, close to the subway and surrounded by established neighbourhood businesses. This approximately 1,050 sq. ft. commercial space features 20 feet of street-facing frontage, offering a visible presence along the avenue. Formerly used as a hair salon, the space could suit a range of businesses, including a salon, clinic, boutique or other service-based operation. A separate 375 sq. ft. garage provides valuable room for a vehicle or additional storage, while rear laneway access offers a convenient option for deliveries. The property is located between a medical clinic and a flower shop, adding to the mix of local businesses along this well-travelled corridor. A great opportunity to bring your business to the Danforth and make the space your own. Triple net lease: $2,600 per month base rent, plus additional rent and applicable charges. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.97%

DSCR

0.84

Going-in cap

4.65%

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

78,016

Households

27,097

Median income

$106,000

Median age

33

Daytime population

72,965

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 2418 DANFORTH AVENUE, Toronto (East End-Danforth).

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.