For Sale · Retail

212 O'CONNOR DRIVE, Toronto (East York)

212 O'CONNOR DRIVE, Toronto (East York), ON M4J2T4

$1.3M total

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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

97%

About this property

PRIME CORNER MIXED-USE OPPORTUNITY. Ideal for: User-Occupier | Value-Add Investor | Developer. PROPERTY HIGHLIGHTS | HIGH-EXPOSURE CORNER LOCATION. Exceptional street-front visibility along O'Connor Drive. Featuring a ground-floor commercial unit ready for immediate occupancy or leasing, complemented by two occupied 2nd-floor residential apartments generating steady, recurring rental income. FLEXIBLE COMMERCIAL & RESIDENTIAL ZONING. Permits a wide range of uses, including retail storefronts, medical/dental clinics | professional offices, cafes, fitness/wellness studios, and local services. ONTARIO LINE TRANSIT BENEFIT. Located within a 10-minute walk of the new Cosburn Station (at Pape Ave), now underconstruction connecting the property directly to the TTC network throughout the GTA. UNBEATABLE HIGHWAY CONNECTIVITY. Just a 600 metre drive east to Don Mills Road, offering quick & easy access to the Don Valley Parkway (DVP) and the 400-series highway network. DENSITY DEVELOPMENT & INTENSIFICATION POTENTIAL. As-Of-Right Zoning - Investigate the broad mix of possibilities: - Mid-Rise Intensification | Protected Major Transit Station Area | Multiplex conversion or Laneway Suite additions. AREA SUMMARY Ground Floor (Commercial): Vacant / Available Immediately (1270 SQFT) 2nd Floor (Residential): Two (2) Occupied Residential Units (1270 SQFT / Bed/Bath. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.32M
Down payment30% · $398K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$88K

Annual cash flow

$15K

Cash-on-cash

3.72%

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

43,703

Households

17,518

Median income

$98,500

Median age

31.7

Daytime population

63,213

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for 212 O'CONNOR DRIVE, Toronto (East York).

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.