Business For Sale · Office

22 - 375 CANARCTIC DRIVE, Toronto (York University Heights)

22 - 375 CANARCTIC DRIVE, Toronto (York University Heights), ON M3J2P9

Price on request

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Asset Class

Office

Size

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Building class

A

Zoning

CB2 — Central Business

$ / SF

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Occupancy

99%

Lot Size

1850 ac

About this property

Bright second-floor office space available for lease in a professionally maintained two-storey building. Excellent location with convenient access to Highways 401 and 407. Walking distance to public transit, including bus routes and the Toronto Subway Line 1 near York University. Quality office space with ample on-site parking and access to a strong surrounding labour pool. Suitable for a wide variety of professional and commercial uses. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

63,844

Households

24,822

Median income

$101,000

Median age

32.8

Daytime population

103,649

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 22 - 375 CANARCTIC DRIVE, Toronto (York University Heights).

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.