For Sale · Office

408 - 250 HARDING BOULEVARD W, Richmond Hill (North Richvale)

408 - 250 HARDING BOULEVARD W, Richmond Hill (North Richvale), ON L4C9M7

$355,000 total

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

100%

About this property

Rarely offered Class A York Medical Building. Prime Location Across From Mackenzie Richmond Hill Hospital. Medical Suite on 4th Floor of 737 Gross Area with Spacious Reception Area, File/Storage Room, Private Office, Exam Room, 2 Piece Restroom. One Underground Parking. Close To All Amenities, Highways & public transit. Ample patient parking, accessible ramps, And elevators. Medical Building Environment shared with other Medical Specialists. Ideal for general practice, specialists, physical therapy, or dental care. Move-in ready or customizable to your practice needs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$355K
Down payment30% · $107K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$24K

Annual cash flow

$4K

Cash-on-cash

3.68%

DSCR

1.20

Going-in cap

6.65%

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

49,754

Households

23,535

Median income

$111,000

Median age

34.5

Daytime population

77,388

5-yr growth

2.1%

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

Secure deal room

Confidential diligence documents for 408 - 250 HARDING BOULEVARD W, Richmond Hill (North Richvale).

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.