For Sale · Retail

1118 QUEEN STREET E, Toronto (South Riverdale)

1118 QUEEN STREET E, Toronto (South Riverdale), ON M4M1K8

$1.6M total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

89%

About this property

Exceptional investment opportunity in the heart of vibrant Leslieville! Ideally situated along the highly sought-after Queen Street East corridor, this attractive mixed-use property offers a desirable combination of commercial and residential income. Featuring prominent street-level retail frontage with excellent visibility and exposure, complemented by residential accommodation on the upper level, the property presents an appealing opportunity for investors seeking a versatile income-producing asset. Both units are currently tenanted, providing immediate rental income and established occupancy. The property benefits from Queen Street East's strong pedestrian and vehicular traffic, surrounded by an eclectic mix of popular restaurants, cafés, boutique shops, independent retailers and everyday amenities. Enjoy convenient access to public transit, including the Queen streetcar, as well as easy connectivity to downtown Toronto and surrounding neighbourhoods. Located in one of Toronto's most dynamic and evolving east-end communities, this is an outstanding opportunity to acquire a well-positioned mixed-use property with long-term investment appeal. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.58M
Down payment30% · $473K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-7K

Cash-on-cash

-1.50%

DSCR

0.92

Going-in cap

5.09%

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

48,758

Households

17,757

Median income

$111,500

Median age

32.7

Daytime population

57,425

5-yr growth

5.9%

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

Secure deal room

Confidential diligence documents for 1118 QUEEN STREET E, Toronto (South Riverdale).

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.