Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$3,899,900
Cap Rate
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
N/A
Premise Summary
1613-15 DUNDAS ST. W & 269 BROCK AVE. is an interesting opportunity to own a handsome and lucrative piece of real estate. Located on the southeast central corner of Dundas Street W and Brock Ave. A bustling location in Brockton Village on an established mixed-use corridor with many restaurants, artisan shops, amenities and transit in a desirable residential community. Recently approved by CoA to increase the GFA by 41% to 7927 sq ft. and commended for the efforts to preserve the existing building while bringing valuable new rentals to the city. Permit application in process to construct a 4th storey, 6 additional hotel-style suites, 1 penthouse loft, a rooftop garden & 3rd 2-storey ground floor commercial space along Brock Ave. The subject property currently has 3 stories comprising 2 leased commercial retail storefronts, 4 unfinished one-bedroom apartments and 1 renovated studio apartment leased through short-term rental. **** EXTRAS **** Opportunity to apply for even more density above recent 7927 sqft CoA approval. Many high density projects in development in the area for 7 and 8 storey buildings. VTB mortgage would be considered. (id:39198)
Location
Province
Ontario
City
Toronto
Address
1613 Dundas St W
Postal Code
M6K1T6
Location Highlights
N/A
Listed by
BERKSHIRE HATHAWAY HOMESERVICES TORONTO REALTY Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
4,428
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$3,899,900
Asking Price
$3,899,900
Cap Rate
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
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
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
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
4,428
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
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
