









1/11BARN - 2885 ALTONA ROAD, Pickering, ON L1X0J9
Price on request
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Asset Class
Retail
Size
—
Building class
A
Zoning
CB1 — Low Intensity Business
$ / SF
—
Occupancy
82%
Lot Size
7000 ac
Unique leasing opportunity featuring approximately 5,000 sq. ft. of character-filled space with significant potential for a variety of commercial and community-focused uses. Lots of parking and green space available. Previously operated as a restaurant and theatre for live performances. The property offers ample on-site parking and may be well suited for a Montessori school, place of worship, community space, farmers' market, garden nursery or other creative use, subject to applicable zoning and municipal approvals. The barn requires improvements, and the landlord is open to negotiating lease terms and potential improvements with a qualified tenant. An excellent opportunity for an operator looking to create a distinctive destination in a unique rural setting. Conveniently located approximately 5 minutes from Highway 407 and Highway 7, and 10 minutes from Highway 401. Virtually designed concepts have been displayed for illustration purposes only. Tenant to independently verify zoning and confirm that its intended use is permitted by the City of Pickering. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$66K
Annual cash flow
$-17K
Cash-on-cash
-3.83%
DSCR
0.79
Going-in cap
4.39%
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.
Trade area within 3 miles of the property.
Population
122,089
Households
54,043
Median income
$111,000
Median age
34.6
Daytime population
204,230
5-yr growth
5.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for BARN - 2885 ALTONA ROAD, Pickering.
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.