For Sale · Retail

3816 BLOOR STREET W, Toronto (Islington-City Centre West)

3816 BLOOR STREET W, Toronto (Islington-City Centre West), ON M9B6C2

$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%

About this property

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)

Financial sandbox

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Estimate
Purchase price$3.20M
Down payment30% · $960K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 3816 BLOOR STREET W, Toronto (Islington-City Centre West).

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.