For Sale · Multifamily

62 NEWMARKET AVENUE, Toronto (Woodbine-Lumsden)

62 NEWMARKET AVENUE, Toronto (Woodbine-Lumsden), ON M4C1V9

$999,000 total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

88%

About this property

Welcome to 62 Newmarket Avenue, a beautifully updated detached duplex in the heart of East York's sought-after Woodbine-Lumsden/Danforth Village neighbourhood. Perfectly suited for multi-generational families, or owner-occupiers seeking mortgage helper potential. This versatile home combines modern updates, separate living spaces, and excellent income stability. Pride of ownership is evident throughout this extensively upgraded property. Improvements were made to electrical, plumbing, insulation, mechanical systems, and living spaces. The main portion of the home offers bright, spacious living areas, an updated kitchen and bath, and a living/dining area ideal for family living or entertaining. The basement has been fully renovated and transformed into a two-bedroom suite that has a separate entrance. Upgrades include quartz kitchen countertops, laundry room, updated ductwork, and an insulated entrance door. The lower level is currently tenanted and provides immediate rental income. The prime East York location is steps to the TTC, GO, Danforth Ave, shops, restaurants, and more. This opportunity is a rare combination of an updated family home and an income suite in one of Toronto's most livable neighbourhoods. A turnkey property like this will not last long! (id:66811)

Financial sandbox

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Estimate
Purchase price$999K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$33K

Annual cash flow

$-22K

Cash-on-cash

-7.46%

DSCR

0.60

Going-in cap

3.30%

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

111,062

Households

41,877

Median income

$117,000

Median age

35.9

Daytime population

146,757

5-yr growth

2.9%

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

Secure deal room

Confidential diligence documents for 62 NEWMARKET AVENUE, Toronto (Woodbine-Lumsden).

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.