Business For Sale · Land

311 BLACK STREET, Whitehorse

311 BLACK STREET, Whitehorse, YT Y1A2N1

$1.3M total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

100%

Year Built

1978

Lot Size

0.2295684113865932 ac

About this property

100x100 downtown CMD zoned lot with a building built in 1979 with addition in 1993 consisting of retail store front space, offices on lower level and 30x17 garage with lane access. The 31 x 44 addition added in 1993. 4 level split with a portion of the building sitting above grade on a full basement with 2 offices, reception area, bathroom, large open area. Full basement has future development potential with the addition of windows. Right side of building can be accessed from Black street and the laneway and has a reception area, bathroom, and access to the 17x29'9 garage that could easily be developed if more space was required. Second level with vaulted ceiling, kitchenette & bathroom that is only accessed through back of the building or via central stairwell. The basement has 3 accesses from upper levels and has numerous storage areas/offices that have ability to support various retail or business activities including the possibility of another ministry. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$74K

Annual cash flow

$-852

Cash-on-cash

-0.21%

DSCR

0.99

Going-in cap

5.48%

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

64,270

Households

28,608

Median income

$138,000

Median age

41.7

Daytime population

101,679

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 311 BLACK STREET, Whitehorse.

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.