For Sale · Retail

1552 EGLINGTON AVENUE W, Toronto (Briar Hill-Belgravia)

1552 EGLINGTON AVENUE W, Toronto (Briar Hill-Belgravia), ON M6E2G8

$799,900 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

96%

About this property

Attention Investors, Contractors & Builders! Rare blank-canvas opportunity to acquire a prime mixed-use storefront property with laneway access and rear parking in the heart of Toronto's vibrant Little Jamaica community. Offered completely vacant, this 2-storey building is ready for a full custom renovation to unlock its potential. The main-floor commercial space features high-visibility exposure on Eglinton Ave W, ideal for a retail concept, office or service business. The upper level, with a separate entrance, offers a spacious apartment footprint requiring a full overhaul, with potential for a rental suite or live-work configuration. A full basement, high and dry, provides additional space ready to be finished to suit your needs. Rear laneway access and dedicated parking add convenience and flexibility. Located approximately 150 feet from Oakwood LRT Station and minutes from the subway and Allen Expressway, this property offers excellent transit access in a neighbourhood undergoing revitalization. Bring your design team and explore the possibilities! Buyers to verify zoning and permitted uses through their own due diligence. (id:66811)

Financial sandbox

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Estimate
Purchase price$800K
Down payment30% · $240K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$52K

Annual cash flow

$8K

Cash-on-cash

3.40%

DSCR

1.18

Going-in cap

6.56%

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

115,268

Households

44,179

Median income

$103,000

Median age

43.5

Daytime population

175,949

5-yr growth

5.7%

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

Secure deal room

Confidential diligence documents for 1552 EGLINGTON AVENUE W, Toronto (Briar Hill-Belgravia).

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.