For Lease · Office

LOWER LEVEL - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico)

LOWER LEVEL - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico), ON M8V1B5

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

95%

About this property

Medical and Professional Spaces for Lease2318 Lake Shore Blvd W, Etobicoke, ON M8V 1B5Space 1: Former X-Ray and Imaging Suite | 1,395 sq. ft. | Lower Level Excellent opportunity to lease a 1,395 sq. ft. space formerly used for X-ray and imaging. Located in a building with approximately eight family doctors, this versatile space offers a combination of open areas and partitioned offices and can be remodelled to suit a new occupant.The suite features separate client and staff washrooms, accessibility features, private rear access for occupants and parking. An X-ray and imaging use can benefit from exclusivity. Other professional uses are also welcome, with rent open to favourable adjustment depending on the proposed use.Asking rent: $119 per sq. ft. per annum, or $13,833.75 per month, currently all-inclusive. Utilities are expected to be separately metered in the future, with the rental rate adjusted accordingly, subject to lease terms. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$83K

Annual cash flow

$-511

Cash-on-cash

-0.11%

DSCR

0.99

Going-in cap

5.51%

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

143,898

Households

61,286

Median income

$73,000

Median age

41.6

Daytime population

205,412

5-yr growth

1.8%

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

Secure deal room

Confidential diligence documents for LOWER LEVEL - 2318 LAKE SHORE BOULEVARD W, Toronto (Mimico).

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.