For Sale · Office

100B - 253 DANFORTH AVENUE, Toronto (North Riverdale)

100B - 253 DANFORTH AVENUE, Toronto (North Riverdale), ON M4K1N2

Price on request

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Asset Class

Office

Size

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Building class

C

Zoning

CO — Commercial Office

$ / SF

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Occupancy

89%

About this property

Need 2 offices on Danforth? Located at Playter Ave, this professional office building is perfect for clients needing a primary and secondary office on the main floor. One office is about 78 sf and the other is about 40 sf. The building offers a very quiet environment that is ideal for professionals such as Psychotherapists, Massage Therapists, Lawyers, Accountants, etc. No retail uses permitted. Lease includes all utilities except phone and WIFI. Additional charges include $85/month for weekly office cleaning and $250 refundable key deposit. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

97,419

Households

45,286

Median income

$121,500

Median age

36.9

Daytime population

132,980

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 100B - 253 DANFORTH AVENUE, Toronto (North Riverdale).

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.