For Sale · Office

213 - 214 - 8789 WOODBINE AVENUE, Markham (Buttonville)

213 - 214 - 8789 WOODBINE AVENUE, Markham (Buttonville), ON L3R9T6

$1.1M total

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Asset Class

Office

Size

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Building class

A

Zoning

CO — Commercial Office

$ / SF

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Occupancy

96%

About this property

"CLASS A" is the impression from the moment you approach this exceptional 2,050 SF double unit office condominium suite in the Woodbine Business Centre. Municipally addressed as 8789 Woodbine Avenue, this distinctive suite enjoys prominent frontage and direct access from well-known McIntosh Drive - notably convenient for staff, clients and first-time visitors. Ample staff and guest parking welcomes you to easy grade-level entry at the front door - no stairs or elevator lineups! Enter through a thoughtful air-lock vestibule into an impressive reception area, flanked by a welcoming client lounge with fireplace that immediately establishes the professional standard. Ten-foot ceilings, pot lighting and well-planned illumination enhance the bright contemporary environment supplemented by classy wall sconces. Six spacious windowed private offices enjoy east, south and west exposures, while interior curtain-wall partitions carry natural light throughout. Professional design extends to barrier-free considerations including one of two washrooms, generous hallways and doorways. A central boardroom and fully appointed kitchenette complete this highly functional layout. Integrated telephone, A/V and sound systems further distinguish the offering. Enjoy nearby dining, professional services, shopping and amenities, with Hwys. 404 & 407 and transit only minutes away. Most furniture and chattels included - see Schedule "C" for details and exclusions. Comprehensive floor plan provided on Schedule "D". An exceptional opportunity to own a sophisticated, remarkably complete office environment that projects the highest professional standards! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.10M
Down payment30% · $329K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$82K

Annual cash flow

$21K

Cash-on-cash

6.37%

DSCR

1.35

Going-in cap

7.45%

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

76,815

Households

28,017

Median income

$87,000

Median age

45.3

Daytime population

112,784

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 213 - 214 - 8789 WOODBINE AVENUE, Markham (Buttonville).

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.