2449 Yonge St
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2449 Yonge St
7,206 SF 100% Leased Retail Building Toronto, ON M4P 2E7 $5,766,438 USD ($800 USD/SF) 3.75% Cap Rate
Investment Highlights
- Retail on main floor
- Flagship corner location on prime Yonge Street
- Offices and apartments on upper floors
Executive Summary
Flagship corner location on prime Yonge Street. Over 7,000 sf building with Starbuck's as anchor tenant. Retail on the main floor with offices and apartments above. Strong in place income. Great condition always full. Rental upside in the apartment rents. Future development potential with assembly. Asking a 3.75% cap rate.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,206 SF
Building Class
C
Year Built
1922
Price
$5,766,438 USD
Price Per SF
$800 USD
Cap Rate
3.75%
NOI
$216,241 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Zoning
CR - Commercial Residential Zone
Parking
3 Spaces (0.42 Spaces per 1,000 SF Leased)
Frontage
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (72)
Nearby Major Retailers
-
Lorenzo DiGianfelice -
Commercial Focus Realty Inc.
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2449 Yonge St
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