

1/3STUDIO 5 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction), ON M6P3M9
Price on request
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Asset Class
Industrial
Size
—
Building class
B
Zoning
IB — Industrial Business
$ / SF
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Occupancy
94%
Clear height
26 ft
Loading docks
3
A private 65 sq ft studio room at 258 Wallace Ave, a character employment building in the Junction Triangle that has long housed photographers, film and production crews, and creative professionals. Unit 5 measures approximately 9'8" x 6'9", freshly painted with laminate flooring and overhead lighting, a lockable space that fits a desk and shelving for a solo creative, an editor, a maker, or a business that needs a secure room for equipment and inventory. One flat gross monthly rent with no additional rent, flexible 12 to 60 month terms, 24 hour access, common washrooms, and a common freight elevator. E2 employment zoning permits artist, production and performing arts studios, offices, service shops and software development. A short walk to Lansdowne Station on Line 2, with Dundas West Station, Bloor GO and UP Express minutes away. Eight additional rooms are available in the building, from 44 to 131 sq ft, so a growing practice can add space without moving. Vacant and available on 30 days notice. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$81K
Annual cash flow
$-2K
Cash-on-cash
-0.40%
DSCR
0.98
Going-in cap
5.42%
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
41,231
Households
17,375
Median income
$70,000
Median age
40.9
Daytime population
56,936
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for STUDIO 5 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction).
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.