Business For Sale · Retail

21 REXDALE BOULEVARD, Toronto (Rexdale-Kipling)

21 REXDALE BOULEVARD, Toronto (Rexdale-Kipling), ON M9W0G5

$165,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

98%

About this property

Excellent Opportunity To Acquire A Fully Equipped Restaurant In A Prime Etobicoke Location! Currently Operating As A South Indian Restaurant, This 1,632 Sq. Ft. Space Is Easily Rebrandable And Ideal For Various Concepts Including Indian Restaurant, Café, QSR, Dessert Shop Or Dine-In Restaurant. Located in a Busy Commercial Location With Costco Nearby. Monthly Rent Approximately $7,557.52 Including TMI ($8,540 Including HST). Great Opportunity For Owner-Operators Or Experienced Restaurateurs Looking To Establish Or Expand Their Business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$165K
Down payment30% · $50K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$762

Projected NOI

$11K

Annual cash flow

$2K

Cash-on-cash

3.62%

DSCR

1.20

Going-in cap

6.63%

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

113,551

Households

53,570

Median income

$133,000

Median age

40.8

Daytime population

173,649

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 21 REXDALE BOULEVARD, Toronto (Rexdale-Kipling).

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.