Business For Sale · Retail

1 - 115 RICHMOND STREET E, Toronto (Church-Yonge Corridor)

1 - 115 RICHMOND STREET E, Toronto (Church-Yonge Corridor), ON M5C3H6

$29,000 total

587 SF

Asset Class

Retail

Size

587 SF

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

$49

Occupancy

90%

About this property

Prime Downtown Sushi takeout Business In Heart of Lively street. Old Town Toronto! This High-Traffic 587 sq Ft Retail Space Boasts Unbeatable foot traffic. Located Steps from The financial District. Incredible Student & Tourist Density: 5 Min walk to George Brown College(Adelaide), 1 Min walk to CMU College of Make up Art, And 2 Min walk to Holiday Inn Express, countless residencial & commercial building around the area. Turnkey Set-Up with limitless growth potential. Perfect for Sushi with existing facility. Ideal for Sushi Shop, Express Sushi Shop, Sushi Factory, Sushi Company Branch, Fish Market, Poke Shop branch, Korean Kimbob, Sandwich, Bubble tea, Tea Shop, Fruit Juice, Dessert shop branch, Ice Cream and many more !! Low Overhead, High-Exposure, Don't miss this vibrant Commercial opportunity! Super low rent of only $2376.86(including HST & TMI). Utility (Hydro+Water) Current usage only $100~$150 per month. Basic Maintenance (Hot Water, Heat, HVAC) is managed by building therefore you just concentrate on your business. Available Lease Take Over or 3+3 New Lease! Free Internet available from building (renew required every 4 hours, Can use with your hotspot data together). Lots of free parking 8 min away by bicycle. Free 20 minute delivery zone back street. Free short time loading zone in the building. No monthly fee credit card machine available if needed. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$29K
Down payment30% · $9K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$134

Projected NOI

$2K

Annual cash flow

$-3

Cash-on-cash

-0.03%

DSCR

1.00

Going-in cap

5.53%

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.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics400 SF2031-03
Vector Robotics400 SF2031-03
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Vector Robotics400 SF2031-03

Area demographics

Trade area within 3 miles of the property.

Population

118,202

Households

43,202

Median income

$132,500

Median age

36

Daytime population

199,663

5-yr growth

9%

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

Secure deal room

Confidential diligence documents for 1 - 115 RICHMOND STREET E, Toronto (Church-Yonge 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.