For Sale · Multifamily

LOWER - 879 PALMERSTON AVENUE, Toronto (Annex)

LOWER - 879 PALMERSTON AVENUE, Toronto (Annex), ON M6G2S3

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Recently renovated 1 bedroom, 1 full bath, basement apartment boasting high-end finishes, in the heart of one of Toronto's best neighbourhoods! Nestled on a quiet tree-lined street, in the heart of the highly coveted, family friendly Seaton Village. A short walk to Parks (dog and human), Bloor street, TTC, UofT, shops, cafes, bakeries, restos and bike lanes. Step inside to discover a thoughtfully designed layout featuring open-concept living room & Kitchen, a generously sized bedroom with closet, a conveniently located full bath, stackable laundry, a kitchen complete with new stainless steel appliances. This is a neighbourhood you're going tolove! Imagine living within close reach to some of the best Toronto has on offer: parks, groceries, restos, bakeries, Bill Bolton Arena, St Albans Boys & Girls Club, Vermont Square Park, Christie Pits Park, Fiesta Farms grocery store & garden center, and so much more. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

50,913

Households

22,951

Median income

$129,500

Median age

34.7

Daytime population

49,802

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for LOWER - 879 PALMERSTON AVENUE, Toronto (Annex).

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.