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Investment Highlights

  • Single story, all brick stand alone 3 suite building, configurable to adjusting tenant needs.
  • Fully leased for 3 years at a 7.7 CAP Rate
  • parking for 35 + cars and ADA Accessibility

Executive Summary

1120 Youngs Road presents an outstanding investment opportunity in today’s office market, a fully leased stable income-generating property. The all brick building sits on a prime .75 acre property in Williamsville and has been well built and maintained with 2 A/Cs replaced in ’21, regular maintenance to plumbing, parking & landscaping and solid construction, however, the roof is original. There are 3 distinct suites, allowing an owner to hold as investment, or occupy a sufficient space and receive additional income. This property offers a solid return with its current tenants and leases while also providing flexibility for future configurations. The strong CAP rate of 7.7% suggests a potentially lucrative investment for those looking to acquire medical office real estate. The Sellers are also selling an updated medical office property at 3612 Seneca if the purchaser wants to add to a portfolio, or have a second location.

Attachments

1120 Floor Plans

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $223,328 $30.97
Other Income - -
Vacancy Loss - -
Effective Gross Income $223,328 $30.97
Taxes $41,689 $5.78
Operating Expenses $31,823 $4.41
Total Expenses $73,512 $10.20
Net Operating Income $149,816 $20.78

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $223,328
Annual Per SF $30.97
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $223,328
Annual Per SF $30.97
Taxes (CAD)
Annual $41,689
Annual Per SF $5.78
Operating Expenses (CAD)
Annual $31,823
Annual Per SF $4.41
Total Expenses (CAD)
Annual $73,512
Annual Per SF $10.20
Net Operating Income (CAD)
Annual $149,816
Annual Per SF $20.78

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Medical
Building Size
7,210 SF
Building Class
B
Year Built/Renovated
2001/2022
Price
$1,845,437 CAD
Price Per SF
$255.96 CAD
Cap Rate
8.09%
NOI
$149,347 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,210 SF
Building FAR
0.11
Lot Size
1.50 AC
Zoning
T-Amherst - E-3 Professional Office Building
Parking
35 Spaces (4.85 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Wheelchair Accessible
  • Central Heating
  • DDA Compliant
  • Fully Carpeted
  • Natural Light
  • Open-Plan
  • Shower Facilities
  • Drop Ceiling
  • Monument Signage
  • Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 142289-056-140-0003-011-110
  • 142289-056-140-0003-011-120
Land Assessment
$532,462 CAD (2025)
Improvements Assessment
$3,095,382 CAD (2025)
Total Assessment
$3,627,844 CAD (2025)
Annual Taxes
$41,689 CAD ($5.78 CAD/SF)
Tax Year
2023
  • Listing ID: 32592498

  • Date on Market: 2024-07-26

  • Last Updated:

  • Address: 1120 Youngs Rd, Williamsville, NY 14221

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