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Price on request
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Asset Class
Specialty
Size
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Building class
B
Zoning
DC2 — Site Specific
$ / SF
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Occupancy
97%
LEASE TAKEOVER - TURNKEY, FULLY RENOVATED COMMERCIAL SPACE! Excellent opportunity to take over a beautifully renovated 622 sq. ft. commercial unit in a fantastic, high-traffic location at 441 Clark Ave W. Currently operating as a European clothing store, this versatile space is ideal for a variety of permitted retail and commercial uses and can continue with its existing use or be transformed to suit your business concept, subject to landlord approval. Food use is also permitted, opening the door to even more possibilities. The unit has been thoughtfully renovated with modern lighting, fresh paint, quality fixtures, and a clean, contemporary finish, offering a move-in-ready space with minimal setup required. Current lease runs until March 31, 2027, with an additional 5-year renewal option. Monthly rent is approximately $5,000, taxes included, providing an attractive occupancy cost for a prime location within a busy and well-established plaza. Lease takeover fee of $11,500 payable to the current owner on closing, covering the existing renovations and fixtures. Excellent exposure, convenient access, strong surrounding traffic, and a flexible layout make this a great opportunity for an entrepreneur looking to secure a professionally finished commercial space without the time and expense of starting from scratch. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$85K
Annual cash flow
$2K
Cash-on-cash
0.46%
DSCR
1.02
Going-in cap
5.68%
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
80,633
Households
33,680
Median income
$107,500
Median age
44.3
Daytime population
126,761
5-yr growth
1.9%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).
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.