For Sale · Office

113 - 321 CARLAW AVENUE, Toronto (South Riverdale)

113 - 321 CARLAW AVENUE, Toronto (South Riverdale), ON M4M2S1

$435,000 total

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Asset Class

Office

Size

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Building class

A

Zoning

DC1 — Direct Control

$ / SF

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Occupancy

97%

About this property

Rare opportunity to own a bright, corner commercial unit at Work Lofts in trendy Leslieville! Offering approximately 770 sq. ft. of versatile ground-floor office space, this unit provides direct, convenient access for clients, customers, and staff-no elevator required. Featuring soaring 10-ft ceilings, floor-to-ceiling windows, and abundant natural light, this move-in-ready space is ideal for a variety of professional and creative uses, including medical, dental, chiropractic, fitness, accounting, technology, film editing, and professional office businesses. Laminate flooring throughout, glass-panel dividers, and glass doors create a modern, functional layout with excellent separation between work areas. The unit comes partially furnished and offers flexibility for several desks and different business configurations. A public washroom is conveniently located in the hallway adjacent to the unit. A large rear balcony adds valuable outdoor space. Work Lofts is a well-managed building with great amenities, including two large boardrooms on the second floor and a party room available to reserve for business meetings, functions, and events. Signage is permitted on the unit door, in the hallways, and on the front entrance directory, providing excellent business visibility. Includes one premium underground parking space on Level 1, conveniently located beside the elevator. Located in vibrant Leslieville, steps to Queen Street East's restaurants, cafés, shops, parks, and services. The future subway expansion and GO Transit station near Gerrard Street East and Carlaw Avenue are approximately a 5-minute walk away, with easy access to the DVP and Gardiner Expressway. A rarely available opportunity in a building with low turnover. A bright, flexible, and highly accessible commercial space in one of Toronto's most desirable and evolving neighbourhoods-ideal for businesses seeking convenience, character, and long-term appeal. (id:66811)

Financial sandbox

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Estimate
Purchase price$435K
Down payment30% · $131K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$29K

Annual cash flow

$5K

Cash-on-cash

3.84%

DSCR

1.21

Going-in cap

6.69%

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

99,949

Households

36,702

Median income

$77,000

Median age

39.8

Daytime population

168,369

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 113 - 321 CARLAW AVENUE, Toronto (South Riverdale).

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.