Business For Sale · Industrial

45-46 - 24 STEINWAY BOULEVARD, Toronto (West Humber-Clairville)

45-46 - 24 STEINWAY BOULEVARD, Toronto (West Humber-Clairville), ON M9W6T8

$1.5M total

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Asset Class

Industrial

Size

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Building class

B

Zoning

IB — Industrial Business

$ / SF

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Occupancy

99%

Clear height

31 ft

Loading docks

3

About this property

Rare industrial unit with approximately 1,200 sq. ft. of existing walk-in cooler/freezer space, a highly desirable and expensive feature to build from scratch. Ideal for food production, processing, distribution, catering, specialty food businesses and refrigerated or frozen storage. Functional layout with reception area, private offices and kitchenette. Features two drive-in doors, with one currently blocked by the existing cooler/freezer setup. Also suitable for a variety of industrial, commercial, warehouse and retail uses, subject to applicable zoning and approvals. Excellent location near Highway 27 and Steeles Ave with quick access to Highways 427, 407, 50 and other major routes. A rare opportunity for an owner-user seeking specialized food infrastructure combined with exceptional GTA connectivity. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$99K

Annual cash flow

$16K

Cash-on-cash

3.45%

DSCR

1.19

Going-in cap

6.58%

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

96,121

Households

36,825

Median income

$95,000

Median age

31.1

Daytime population

110,379

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 45-46 - 24 STEINWAY BOULEVARD, Toronto (West Humber-Clairville).

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.