For Lease · Multifamily

UNIT 3 - 623 GERRARD STREET E, Toronto (South Riverdale)

UNIT 3 - 623 GERRARD STREET E, Toronto (South Riverdale), ON M4M1Y2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

89%

About this property

Large 2 Bedroom And 1 Bathroom Apartment For Lease In Great Location. Quiet Unit at back of Building. Fully Renovated Including Bathroom And Kitchen! No Parking and No Ensuite Laundry. Laundromat 1 minute away. Tenant responsible for Hydro and Internet. Steps To Supermarkets, Shopping Mall, Bakeries, Restaurants, Coffee Shops And Library. Easy Access To Public Transportation (Ttc). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

93,990

Households

34,989

Median income

$80,500

Median age

45.6

Daytime population

139,890

5-yr growth

1.2%

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

Secure deal room

Confidential diligence documents for UNIT 3 - 623 GERRARD STREET E, Toronto (South Riverdale).

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.