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For Sale · Office

73 RICHMOND W STREET, Toronto (Bay Street Corridor)

73 RICHMOND W STREET, Toronto (Bay Street Corridor), ON M5H4E8

$999,900 total

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Asset Class

Office

Size

—

Building class

C

Zoning

CO — Commercial Office

$ / SF

—

Occupancy

90%

About this property

AVAILABLE IMMEDIATELY. Rarely available penthouse office space in the highly sought after Graphic Arts building. Located in the middle of financial core. Enjoy lots of natural light with a 500 sq/ft wrap around balcony. This space is perfectly suited for professional uses ranging from financial services, legal, accounting, real estate and tech. Zoned commercial and residential. Office furniture available. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1000K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$63K

Annual cash flow

$8K

Cash-on-cash

2.69%

DSCR

1.15

Going-in cap

6.35%

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

81,512

Households

35,226

Median income

$71,000

Median age

41.6

Daytime population

90,686

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 73 RICHMOND W STREET, Toronto (Bay Street 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.