Business For Sale · Industrial

STUDIO 5 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction)

STUDIO 5 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction), ON M6P3M9

Price on request

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Asset Class

Industrial

Size

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Building class

B

Zoning

IB — Industrial Business

$ / SF

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Occupancy

94%

Clear height

26 ft

Loading docks

3

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for STUDIO 5 - 258 WALLACE AVENUE, Toronto (Dovercourt-Wallace Emerson-Junction).

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.