







1/9MAIN 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%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
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.
Confidential diligence documents for MAIN FLOOR - 1398 QUEEN STREET E, Toronto (Greenwood-Coxwell).
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.