For Lease · Retail

MAIN FLOOR - 1398 QUEEN STREET E, Toronto (Greenwood-Coxwell)

MAIN FLOOR - 1398 QUEEN STREET E, Toronto (Greenwood-Coxwell), ON M4L1C9

Price on request

—

Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

86%

About this property

Excellent opportunity to lease approximately 1,070 sq. ft. of main-floor commercial space on Queen Street East near Greenwood Avenue. Home to an established massage therapy and wellness practice with over 30 years of community presence and goodwill, the space is becoming available as the owner transitions toward semi-retirement. The existing layout includes three private treatment rooms, a reception area, a rear kitchen/lunchroom, two 2-piece washrooms and a separate shower. Well suited to health and wellness practitioners, professional offices, retail or other service-based businesses, subject to zoning and approvals. Set in a vibrant east-end neighbourhood surrounded by local shops, restaurants and residential homes, with convenient access to the Queen streetcar. An excellent setting to establish or grow your business. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

47,782

Households

20,869

Median income

$109,500

Median age

33.7

Daytime population

46,501

5-yr growth

7.9%

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

Secure deal room

Confidential diligence documents for MAIN FLOOR - 1398 QUEEN STREET E, Toronto (Greenwood-Coxwell).

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.