For Lease · Land

3142 LAKE SHORE BOULEVARD W, Toronto (New Toronto)

3142 LAKE SHORE BOULEVARD W, Toronto (New Toronto), ON M8V1L4

Price on request

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

92%

About this property

Rarely offered vacant commercial lot available for lease on busy Lake Shore Boulevard West, situated on the north-east corner of 17th Street, just east of Humber College's Lake Shore campus. Well-positioned for various uses, subject to zoning and landlord approval. Net lease; tenant is responsible for property taxes. This clean, rectangular 8,611 sq ft corner lot has 100 ft frontage on Lake Shore Boulevard West, a rear lane, and C3 zoning that permits a variety of commercial uses. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

91,019

Households

34,093

Median income

$124,500

Median age

35.3

Daytime population

120,516

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 3142 LAKE SHORE BOULEVARD W, Toronto (New Toronto).

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.