Business For Sale · Specialty

1 - 750 WARDEN AVENUE, Toronto (Clairlea-Birchmount)

1 - 750 WARDEN AVENUE, Toronto (Clairlea-Birchmount), ON M1L4A1

$299,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

About this property

Rare opportunity to own an established fitness facility in a prime Scarborough location. Venice Fitness offers a spacious workout environment with an established presence in the community. Excellent opportunity for an owner-operator or fitness entrepreneur looking to take over an existing gym location and build on its potential. Conveniently located on Warden Avenue with excellent accessibilty and exposure. Don't miss this opportunity! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$20K

Annual cash flow

$3K

Cash-on-cash

3.74%

DSCR

1.20

Going-in cap

6.66%

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

61,835

Households

23,604

Median income

$83,000

Median age

43.3

Daytime population

87,297

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 1 - 750 WARDEN AVENUE, Toronto (Clairlea-Birchmount).

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.