For Sale · Office

UPPER UNIT - 2621 EGLINTON AVENUE E, Toronto (Eglinton East)

UPPER UNIT - 2621 EGLINTON AVENUE E, Toronto (Eglinton East), ON M1K2S2

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

88%

About this property

Welcome to 2621 Eglinton Ave E. Highly Visible upper floor unit with large front windows facing Eglinton Ave E and the plaza parking. Great signage exposure to everyone coming into the plaza - a bright 1,035 sq ft (15 ft x 69 ft) at $2,500/month, plus utilities. Tenant pays own hydro, plus 1/3 of gas and water. Located on the second floor above a dental office, accessed by stairs. Open-plan space with large front windows, excellent natural light and 2washrooms, ready for you to finish to suit your business. The landlord welcomes a wide range of businesses, including general and professional office, immigration and consulting, wellness and therapeutic services, hair salon, studio, or retail store, subject to zoning. Offered as is and unfinished, with free rent to help with fit-up: 1 month free on a l-year lease, 1-2months free on a 2-year lease, 2 months free on a 3-year lease, and 3 months free on a 5-yearlease. Free rent is base rent only, at the start. Tenant build-out with the landlord's prior written approval. A flexible, well-priced opportunity on Eglinton Ave E - bring your vision and make it your own. Located on busy Eglinton Ave E, minutes from Kennedy Station. TTC bus Stop steps away at Eglinton Ave E and Gilder Dr, and Kennedy Station is about a 9 min walk. Plenty of plaza parking at the front, plus 1 exclusive parking spot at the rear and a rear exit. Tenant signage permitted on the beige sign band above the front windows and on the window glass. Zoning: Commercial - CRO.25(c0.25;r0.12)*680, subject to City confirmation. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

65,423

Households

22,937

Median income

$129,500

Median age

38.5

Daytime population

70,863

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for UPPER UNIT - 2621 EGLINTON AVENUE E, Toronto (Eglinton East).

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.