2913 Dundas St W
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2913 Dundas St W
3,848 SF Retail Building Toronto, ON M6P 1Y9 $2,099,000 CAD ($545 CAD/SF) 4.69% Cap Rate
Investment Highlights
- Retail amenities nearby
- High exposure location
- Natural light exposure
- Access to public transit and highway
- Heavy commercialized area
Executive Summary
C&W is pleased to offer for sale 2913 Dundas St W, a streetfront retail building located on one of the busiest & most desirable blocks in The Junction. The property is offered 100% leased, offering excellent cash flow, with near term rental upside as well as opportunity for end-user occupancy.
The ground floor & lower-level retail space is leased to Junction Optometrists, a well-established optometry clinic in business for over 35 years. The second floor is comprised of 2 Residential Apartments (1x1 bdrm & 1x2 bdrm), leased to stable tenants at market rents. The retail lease runs to May 2027, but the tenant has no further renewal rights or options to extend. This provides both investors and end users with an excellent opportunity to benefit from existing retail lease terms. Purchasers can have ample lead time to re-let the space to another tenancy / extend the current lease (with ability to increase rental rates & customize deal structure), or to occupy the space for their own medical or retail purposes.
- 100% Leased To Established Optometry Clinic & Stable Residential Tenants
- $98,439 Actual NOI with Imminent Rental Upside & End User Opportunity (On or after May 2027)
- Total Size: Approximately 3,847.50 SF (2,847.50 SF Above Grade)
- Well Suited For Investors or Medical / Retail End Users Looking for a Turn Key Clinic
- Extensive Renovations inc. Finished Lower-Level (Currently Used as a Laboratory)
- 2 Rear Parking Spaces off Municipal Laneway
- Ideal for Optometrists, Doctors, Dentists And Other Professionals, Who Can Capitalize Off Existing Leaseholds & The Well-Established Location As A Optometrist / Medical Building.
The ground floor & lower-level retail space is leased to Junction Optometrists, a well-established optometry clinic in business for over 35 years. The second floor is comprised of 2 Residential Apartments (1x1 bdrm & 1x2 bdrm), leased to stable tenants at market rents. The retail lease runs to May 2027, but the tenant has no further renewal rights or options to extend. This provides both investors and end users with an excellent opportunity to benefit from existing retail lease terms. Purchasers can have ample lead time to re-let the space to another tenancy / extend the current lease (with ability to increase rental rates & customize deal structure), or to occupy the space for their own medical or retail purposes.
- 100% Leased To Established Optometry Clinic & Stable Residential Tenants
- $98,439 Actual NOI with Imminent Rental Upside & End User Opportunity (On or after May 2027)
- Total Size: Approximately 3,847.50 SF (2,847.50 SF Above Grade)
- Well Suited For Investors or Medical / Retail End Users Looking for a Turn Key Clinic
- Extensive Renovations inc. Finished Lower-Level (Currently Used as a Laboratory)
- 2 Rear Parking Spaces off Municipal Laneway
- Ideal for Optometrists, Doctors, Dentists And Other Professionals, Who Can Capitalize Off Existing Leaseholds & The Well-Established Location As A Optometrist / Medical Building.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,848 SF
Building Class
C
Year Built
1890
Price
$2,099,000 CAD
Price Per SF
$545 CAD
Cap Rate
4.69%
NOI
$98,439 CAD
Tenancy
Single
Building Height
3 Stories
Slab To Slab
10’
Building FAR
1.73
Land Acres
0.05 AC
Zoning
CR - Commercial Residential
Frontage
16 ft on Dundas St
Walk Score ®
Walker's Paradise (96)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (86)
Nearby Major Retailers
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2913 Dundas St W
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