Business For Sale · Specialty

16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill)

16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill), ON L4J6W7

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%

About this property

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)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 16A - 441 CLARK AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).

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.