For Sale · Retail

2E16&17 - 4675 STEELES AVENUE E, Toronto (Milliken)

2E16&17 - 4675 STEELES AVENUE E, Toronto (Milliken), ON M1V4S5

$50,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

93%

About this property

Turnkey Cardiac Diagnostic Lab for sale in Scarborough for $50,000. Includes active OHIP billing system, licenses, medical equipment, office supplies, and free training. Currently offering OHIP-covered ECG, PFT, and Holter monitoring. Licensed for expansion into Echocardiography, Family Medicine, Cardiology, Specialist services, and private insurance-covered services/products. Flexible 200-600 sq. ft. clinic space available to lease or purchase separately. Located in the Splendid China Mall at one of the busiest intersections in Toronto, Kennedy Rd & Steeles Ave East. High traffic right across from Pacific Mall. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$50K
Down payment30% · $15K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$231

Projected NOI

$3K

Annual cash flow

$303

Cash-on-cash

2.02%

DSCR

1.11

Going-in cap

6.15%

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

121,044

Households

42,727

Median income

$71,000

Median age

38.7

Daytime population

120,266

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 2E16&17 - 4675 STEELES AVENUE E, Toronto (Milliken).

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.