53-59 GRANGER AVENUE, Toronto (Kennedy Park)53-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 253-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 353-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 453-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 553-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 653-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 753-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 853-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 953-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1053-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1153-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1253-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1353-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1453-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1553-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1653-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1753-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1853-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 1953-59 GRANGER AVENUE, Toronto (Kennedy Park) — photo 20
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For Sale · Industrial

53-59 GRANGER AVENUE, Toronto (Kennedy Park)

53-59 GRANGER AVENUE, Toronto (Kennedy Park), ON M1K3K9

$5.9M total

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Asset Class

Industrial

Size

—

Building class

B

Zoning

IM — Medium Industrial

$ / SF

—

Occupancy

94%

Clear height

36 ft

Loading docks

5

About this property

Exceptional Opportunity To Acquire A Versatile Industrial Property At 53-59 Granger Ave! Featuring An Impressive Approx. 160 Ft Frontage, 7 Drive-In Doors, And Ceiling Heights Of Approximately 19 Ft And 21 Ft In Different Sections. E1 Zoning Offers Excellent Potential For A Variety Of Industrial And Commercial Uses, Subject To Municipal Requirements And Approvals. GeoWarehouse/MPAC Property Description References Specialty Automotive Shop, Auto Repair, Collision Service, And Car Or Truck Wash. Currently Occupied By A Stone Fabrication Business Specializing In Kitchen Countertops, With The Existing Tenant willing to sign A New 5-Year Or 10-Year Lease Plus A 5-Year Renewal Option. Additional Second-Floor Office And Dining Area Are Not Included In The Advertised Square Footage. Convenient Location In An Established Industrial Area With Easy Access To Major Roads And Amenities. Excellent Opportunity For Investors! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$5.88M
Down payment30% · $1.76M
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$27K

Projected NOI

$305K

Annual cash flow

$-21K

Cash-on-cash

-1.19%

DSCR

0.94

Going-in cap

5.18%

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

102,786

Households

40,864

Median income

$74,500

Median age

39.6

Daytime population

140,618

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 53-59 GRANGER AVENUE, Toronto (Kennedy Park).

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.