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Office Building For Sale at 37 MADISON AVE in Toronto, Ontario

4 Sale ID #181768
Updated 06 May 2024

Asking Price

$5,998,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

N/A

Building Size

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Premise Summary

Toronto Landmark Historical Office Mansion, The Perfect ""Marquee"" Building with an Exceptional Yorkville ""Annex"" Location Designed by Toronto's most prestigious historical architect E.J.Lennox (Casa Loma, Old City Hall, King Edward Hotel). Grand and Gracious ""Romanesque"" design. 11' ceilings, Private Drive Parking for 8 cars. Zoning allows further expansion to approximately 8400 sq ft above grade **** EXTRAS **** Currently Configured As 12 Executive Offices On 3 Floors With 8 Exterior Parking. (id:39198)

  • MLS® : #C7312594
  • Date Listed : 20 Nov 2023

Location

Province

Ontario

City

Toronto

Address

37 Madison Ave

Postal Code

M5R2S2

Location Highlights

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Listed by

FOREST HILL REAL ESTATE INC. Ontario listing

Category

office-buildings

Property Information

Premise Status

N/A

With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

7,262

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$5,998,000

Asking Price

$5,998,000

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

N/A

Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

N/A

EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

N/A

Premises Size (square feet)

7,262

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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