Business For Sale · Multifamily

1049 GLENCAIRN AVENUE, Toronto (Yorkdale-Glen Park)

1049 GLENCAIRN AVENUE, Toronto (Yorkdale-Glen Park), ON M6B2B1

$1.9M total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

96%

About this property

An exceptional investment opportunity in one of Midtown Toronto's most prestigious and sought-after communities. Situated on a quiet, tree-lined street with a mature, this property offers incredible versatility for investors, and builders. This oversized lot may offer the potential to be severed into two building lots. Whether you're looking to redevelop, build a custom dream home, or capitalize on the existing layout, the potential here is undeniable. The property features 3 separate newly renovated units, making it ideal to generate immediate cash flow while planning future development. Perfectly positioned with easy access to major highways, seamless connectivity via TTC transit, and just minutes to downtown and key midtown business districts. Enjoy proximity to top-rated public and private schools, as well as premier shopping and dining options. A rare infill opportunity in a high-demand neighbourhood-ideal for custom builders, savvy investors, or those seeking long-term growth and strong rental potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.95M
Down payment30% · $585K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$87K

Annual cash flow

$-21K

Cash-on-cash

-3.59%

DSCR

0.81

Going-in cap

4.46%

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

69,556

Households

28,489

Median income

$80,500

Median age

43.3

Daytime population

60,949

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 1049 GLENCAIRN AVENUE, Toronto (Yorkdale-Glen Park).

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.