Business For Sale · Multifamily

301 CLEVELAND STREET, Toronto (Mount Pleasant East)

301 CLEVELAND STREET, Toronto (Mount Pleasant East), ON M4S2W7

$2.8M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

90%

About this property

301/303 Cleveland Street Detached Mid Town Multi Unit Fourplex Building. Four Modern Two Bedroom Suites Beautifully Renovated, Additional Basement Apartment, Underpinned Basement Unit with Approx 7-7.5ft Ceiling. Open Concept Suites with Quartz Countertops, Air Conditioning / Ensuite Laundry In Every Unit / $ 150,000+ Gross Yearly Income. Four Car Parking at Rear- Three Car Garage + Surface Parking + Street Parking Available. Turn-Key. Don't Miss Out On This Exceptional Offering In One Of Toronto's Most Sought-After Neighbourhoods! 5 Min walk to Maurice Cody School, Walking Distance to Yonge and Eglinton and Bayview Subway Station. Excellent Investment Property. A rare opportunity for investors seeking strong returns, owners looking to live in one unit while renting out others (301 Upper is currently vacant), downsizers, multi-generational families, Potential 3rd Storey and Garden Suite- in Prime Davisville Village Bayview and Eglinton. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.80M
Down payment30% · $839K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$13K

Projected NOI

$90K

Annual cash flow

$-65K

Cash-on-cash

-7.76%

DSCR

0.58

Going-in cap

3.21%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

84,498

Households

36,038

Median income

$105,000

Median age

43.5

Daytime population

83,926

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 301 CLEVELAND STREET, Toronto (Mount Pleasant East).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.