Business For Sale · Office

UNIT 32 & 33 - 209 WICKSTEED AVENUE, Toronto (Leaside)

UNIT 32 & 33 - 209 WICKSTEED AVENUE, Toronto (Leaside), ON M4G2C1

$1.4M total

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Asset Class

Office

Size

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Building class

C

Zoning

CB2 — Central Business

$ / SF

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Occupancy

94%

About this property

Design and build the ultimate commercial space to meet your needs - this is a rare opportunity to acquire approximately 1,932 sq. ft. of versatile space in Leaside's premier commercial business district, Wicksteed Business Park. Combining Units 32 and 33, this expansive ground-floor space offers a flexible, thoughtfully configured layout featuring two separate front entrance doors, soaring 12-ft exposed ceilings, industrial spiral ductwork, linear architectural lighting and durable polished concrete floors. The space offers an inviting open-concept area, multiple private workspaces and/or treatment rooms, two washrooms, including a renovated bathroom, and a mirrored wall. Flexible E 1.0 zoning supports a variety of potential uses, including wellness and fitness studios, medical and professional offices, creative studios, specialty retail, food production and other commercial applications. Ground-floor direct access and dedicated on-site surface parking provide added convenience for staff and visitors. Ideally positioned near Laird Drive, Laird Station on the Eglinton Crosstown LRT, the DVP and Highway 401, with easy access to SmartCentres Leaside, specialty cafés, fitness destinations and other neighbourhood amenities. An exceptional opportunity to secure a substantial, adaptable commercial footprint in a highly marketable Leaside location. Buyers to verify permitted use and zoning requirements. This is a build-to-suit opportunity, buyers must combine units 32 and 33 as per condo board rules and regulations. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.40M
Down payment30% · $419K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$92K

Annual cash flow

$15K

Cash-on-cash

3.52%

DSCR

1.19

Going-in cap

6.60%

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

100,332

Households

40,998

Median income

$87,000

Median age

44.4

Daytime population

133,152

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for UNIT 32 & 33 - 209 WICKSTEED AVENUE, Toronto (Leaside).

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.