For Sale · Retail

UPPER FRONT UNIT - 685 QUEEN STREET W, Toronto (Niagara)

UPPER FRONT UNIT - 685 QUEEN STREET W, Toronto (Niagara), ON M6J1E6

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

90%

About this property

Gorgeous building with a beautiful facade on prime Queen St W. Large 40 ft. window frontage offering excellent signage exposure facing Queen St. Suitable for a variety of uses, including office, accounting, insurance brokerage, and more. Previously operated as a tattoo studio and medispa. Approximately 1,760 sq. ft. Space may be divisible to accommodate smaller unit requirements. Gross rent of $4,500/month, including TMI. Tenant responsible for separately metered hydro and gas, plus 10% of the water bill. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

100,311

Households

37,606

Median income

$68,000

Median age

41.1

Daytime population

118,636

5-yr growth

8%

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

Secure deal room

Confidential diligence documents for UPPER FRONT UNIT - 685 QUEEN STREET W, Toronto (Niagara).

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.