For Lease · Retail

A11 /UNIT 10 - 3101 KENNEDY ROAD, Toronto (Milliken)

A11 /UNIT 10 - 3101 KENNEDY ROAD, Toronto (Milliken), ON M1V4Y1

Price on request

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

96%

About this property

Premium Retail Unit For Lease at Gourmet City! Exceptional leasing opportunity in Scarborough's newest commercial destination. This brand-new retail unit features 20-ft high ceilings, modern architecture, premium construction, and a flexible open-concept layout ready for your custom build-out. Ideally located in one of the best positions within the plaza, offering outstanding exposure directly onto Kennedy Rd with convenient access from both Kennedy Rd and Milliken Blvd. Permitted uses include bakery, cafe, dessert shop, bubble tea shop, fast-food/take-out, cafeteria, hair salon, nail salon, boutique retail, professional office, and more (tenant to verify permitted uses). Situated in a high-density residential and commercial area with excellent visibility, strong pedestrian and vehicle traffic, and just minutes to Hwy 404 & Hwy 407. An outstanding opportunity to establish or expand your business in one of Scarborough's newest and fastest-growing commercial hubs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$84K

Annual cash flow

$775

Cash-on-cash

0.17%

DSCR

1.01

Going-in cap

5.59%

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

106,040

Households

38,816

Median income

$85,000

Median age

41.7

Daytime population

168,961

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for A11 /UNIT 10 - 3101 KENNEDY ROAD, Toronto (Milliken).

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.