For Lease · Specialty

PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities)

PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities), ON M5A0Y5

Price on request

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

90%

About this property

Convenient underground parking space available for lease at 15 Richardson Street, Empire Quay House, in Toronto's desirable Waterfront Communities neighbourhood. Located on Level P3, Parking Spot #37 offers secure parking within a well-maintained condominium building featuring concierge services and monitored security. Excellent downtown location, just steps from Queens Quay, the waterfront, public transit, and nearby amenities, with convenient access to the Gardiner Expressway and Financial District. Available immediately for $300/month. Ideal for residents seeking a convenient and secure downtown parking solution. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

39,822

Households

16,383

Median income

$96,000

Median age

45.4

Daytime population

57,263

5-yr growth

2.3%

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

Secure deal room

Confidential diligence documents for PARKING - 15 RICHARDSON STREET, Toronto (Waterfront Communities).

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.