Business For Sale · Office

510-511 - 4789 YONGE STREET, Toronto (Willowdale East)

510-511 - 4789 YONGE STREET, Toronto (Willowdale East), ON M2N0G3

$900,000 total

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Asset Class

Office

Size

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Building class

C

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

89%

About this property

Beautifully renovated and fully furnished office condo at Hallmark Centre by Tridel, ideally located at Yonge & Sheppard in the heart of North York. Approximately (unit 511 766 Sq ft) (unit 510 776 Sq ft) with an efficient layout featuring reception/greeting area, private offices, meeting/open workspace, custom cabinetry and 4 workstations with monitors. Over $100,000 invested in quality renovations and leasehold improvements. Move-in ready with high-end furniture included. Direct access to subway, steps to transit, major highways, Whole Foods, Rexall, banks, restaurants and retail amenities. Ideal for professionals including lawyers, accountants, mortgage/insurance brokers, consultants, medical and education users. Excellent location and turnkey opportunity. (id:66811)

Financial sandbox

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Estimate
Purchase price$900K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$45K

Annual cash flow

$-5K

Cash-on-cash

-1.73%

DSCR

0.91

Going-in cap

5.02%

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

119,481

Households

55,346

Median income

$100,500

Median age

45

Daytime population

199,959

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for 510-511 - 4789 YONGE STREET, Toronto (Willowdale East).

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.