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$3.2M total
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Asset Class
Retail
Size
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Building class
B
Zoning
CNC — Neighbourhood Commercial
$ / SF
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Occupancy
99%
Welcome to 3816 Bloor St W, a corner unit located at the busy intersection of Bloor St and Kipling Ave surrounded by residential homes to the North & existing densley populated high-rises to the South, with more being built. There are a wide variety of shopping in the area including Six Points Plaza, Shoppers Drug Mart, banks and restaurants make this strip a daily destination for many consumers. Situated minutes away from Kipling station, Kipling GO with easy access to the QEW, 401, Gardiner & 427. 3816 Bloor St W is a freehold building with 1700 sqft of vacant commercial space on the ground floor with new ducts, furnace & air conditioning. On the second floor we have 2-2+1 apartments with 1 bath & ensuite laundry that are currently being rented month to month. There is an opportunity to rent the basement & 2 car garage. With the ground floor commerical space being vacant 3816 Bloor St W is perfect for owner/operators or investors who can rent the space to achieve a reliable cash flow. Projected net operating income is $146,000 not including Rental income of basement or garage. (id:66811)
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Monthly debt service
$15K
Projected NOI
$192K
Annual cash flow
$15K
Cash-on-cash
1.56%
DSCR
1.08
Going-in cap
6.01%
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.
Trade area within 3 miles of the property.
Population
75,795
Households
29,155
Median income
$136,000
Median age
38.2
Daytime population
77,860
5-yr growth
3.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3816 BLOOR STREET W, Toronto (Islington-City Centre West).
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.