For Lease · Specialty

8 WELLESLEY STREET, Toronto (Bay Street Corridor)

8 WELLESLEY STREET, Toronto (Bay Street Corridor), ON M4Y0J5

Price on request

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

93%

About this property

One (1) Underground Parking Space Available For Lease, Exclusively For Current Residents Of 8 Wellesley Street West. Proof Of Residency Such As A Valid Lease Agreement Or Utility Bill Is Required. A $120 Refundable Deposit Is Required For The Remote. A Locker Can Be Added For An Additional $100 Per Month. Ideal For Residents Seeking An Additional Or Convenient On-Site Parking Space Within The Building. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

62,313

Households

28,915

Median income

$82,000

Median age

43.4

Daytime population

79,066

5-yr growth

5.6%

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

Secure deal room

Confidential diligence documents for 8 WELLESLEY STREET, Toronto (Bay Street Corridor).

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.