Commercial

Investment-grade real estate, plainly explained.

Office, retail, industrial and multi-residential across the Halton and GTA corridors. Get the fundamentals — then run your own numbers.

Lease structures, briefly

Gross lease

Tenant pays one rent number. Landlord covers taxes, insurance, maintenance. Common in older office.

Net (N / NN / NNN)

Tenant pays base rent plus property tax (N), tax + insurance (NN), or tax + insurance + maintenance (NNN). Standard in modern retail and industrial.

Modified gross

Hybrid: some operating costs in base rent, others passed through. Often used as a negotiating bridge.

Halton + GTA cap rate benchmarks

Indicative ranges only — class, location, lease length and tenant covenant move these meaningfully.

Asset classHaltonMississaugaToronto core
Multi-residential (A)4.25 – 4.75%4.00 – 4.50%3.75 – 4.25%
Industrial (A)5.25 – 5.75%5.00 – 5.50%5.00 – 5.50%
Retail (strip, anchored)5.50 – 6.25%5.25 – 6.00%5.00 – 5.75%
Office (suburban A)7.00 – 7.75%7.00 – 7.50%6.50 – 7.50%

Run your numbers

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Cap Rate & Cash-on-Cash

Investment
Cap rate
5.45%
Cash-on-cash
0.98%
DSCR
1.07
NOI (annual)
$130,780
Mortgage / month
$10,214
Annual cash flow
$8,212
Cash invested (down)
$840,000