For Lease · Office

1860 QUEEN STREET E, Toronto (The Beaches)

1860 QUEEN STREET E, Toronto (The Beaches), ON M4L1H1

Price on request

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Asset Class

Office

Size

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Building class

B

Zoning

CB2 — Central Business

$ / SF

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Occupancy

83%

About this property

Prime Beach Office and Professional Space for lease. Newer built private offices with shared waiting area and kitchen. Join a group of people in a professional environment in a prime beach location and stop working from home. Many uses like therapist, massage, office use, eyebrow care, accountant, etc. Exposed brick and duct work with high ceilings. Includes heat, air conditioning, shared wireless internet, hydro and cleaning of common areas. Various offices from time to time. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

116,893

Households

47,723

Median income

$92,000

Median age

42.6

Daytime population

117,180

5-yr growth

8.1%

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

Secure deal room

Confidential diligence documents for 1860 QUEEN STREET E, Toronto (The Beaches).

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.