For Sale · Retail

458 KINGSTON ROAD, Toronto (East End-Danforth)

458 KINGSTON ROAD, Toronto (East End-Danforth), ON M4L1V3

$1.5M total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

87%

About this property

Updated mixed-use retail property in Toronto's Upper Beaches, featuring a commercial storefront and two separate residential apartments. Hundreds of thousands of dollars invested in improvements throughout. The commercial space offers nearly 20 feet of Kingston Road frontage,providing excellent street exposure. Improvements include updated windows, roof and HVAC,recessed pot lighting, crown moulding, vinyl flooring, surround sound and security cameras.Additional features include a private bathroom, lower-level storage, fire-rated storage door and two Hydro meters (100-amp and 125-amp). The upper apartment features two bedrooms, one bathroom, an updated kitchen, ensuite laundry and walk-out to a rear deck. The second apartment offers one bedroom, one bathroom, ensuite laundry and updated finishes. Located at Kingston Road and Brookside Avenue, with nearby TTC service, local shops and restaurants,approximately 20 minutes on foot to the Beaches waterfront and convenient access to downtown Toronto, the DVP, Gardiner Expressway and Highway 401. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$70K

Annual cash flow

$-13K

Cash-on-cash

-2.98%

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

115,838

Households

44,903

Median income

$120,000

Median age

36.1

Daytime population

152,686

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 458 KINGSTON ROAD, 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.