For Lease · Office

#2 - 41 JOHN STREET, Port Hope

#2 - 41 JOHN STREET, Port Hope, ON L1A2Z3

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CO — Commercial Office

$ / SF

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Occupancy

84%

About this property

Professional office, classroom, studio, or retail space available for lease in the historic Granary building at 41 John Street in the heart of downtown Port Hope. Located on the second floor, this bright and inviting unit offers just over 200 sq. ft. of open-concept space with large windows providing plenty of natural light. The building features secure access, clean shared washroom facilities, and ample parking for tenants and visitors.The monthly lease rate of $895 + HST is all-inclusive, covering heat, hydro, TMI, and parking. Second-floor units are accessed through the main entrance on John Street via the central staircase. Please note there is no running water or plumbing within the second-floor units. An excellent opportunity for professionals, creatives, tutors, or small business operators seeking an affordable downtown location. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

140,735

Households

59,810

Median income

$104,500

Median age

33

Daytime population

160,662

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for #2 - 41 JOHN STREET, Port Hope.

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.