724 YORK STREET, London East (East L)724 YORK STREET, London East (East L) — photo 2724 YORK STREET, London East (East L) — photo 3724 YORK STREET, London East (East L) — photo 4724 YORK STREET, London East (East L) — photo 5
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For Sale · Office

724 YORK STREET, London East (East L)

724 YORK STREET, London East (East L), ON N5W2S8

$1.8M total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

90%

About this property

WOW! The perfect opportunity for investors or owner-occupancy with this terrific 2-storey commercial building with full basement andapproximately 40 on-site parking spots. Ideal for service businesses, non-profits or your next re-development. Over 10,000 square feet abovegrade, plus a full height usable lower level adding an additional 5000+ square feet. Versatile zoning allows for renovation-to-suit or a newdevelopment with potential Urban Corridor place type. Neighbouring vacant lot also available. The interior is ready for your re-use of an excellentopen plan layout. Flexible use options with both RSC and R8-4 residential zoning., allowing up to 22 residential units and/or commercial use.Strong traffic count, signage opportunities and ideal street visibility. Central location with easy access to transit and nearby amenities. Make 724York Street your new location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$104K

Annual cash flow

$4K

Cash-on-cash

0.77%

DSCR

1.04

Going-in cap

5.77%

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

135,505

Households

62,925

Median income

$133,500

Median age

38.7

Daytime population

213,359

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 724 YORK STREET, London East (East L).

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.