For Sale · Multifamily

5 - 120 SPENCER AVENUE, Toronto (South Parkdale)

5 - 120 SPENCER AVENUE, Toronto (South Parkdale), ON M6K2J6

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

83%

About this property

LARGE SPACIOUS 2 BEDROOM UNIT ON THE UPPER FLOOR, IN THE HEART OF DOWNTOWN TORONTO! COZY UNIT RENOVATED KITCHEN AND BATHROOM, FRESHLY PAINTED AND NEW FLOORS. PERFECT FOR FAMILIES AND STUDENTS, WITH PLENTY OF SPACE TO LIVE, STUDY, AND RELAX. STEPS TO TRANSPORTATION, SHOPS, CAFES, & MORE! HYDRO NOT INCLUDED. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

96,377

Households

41,619

Median income

$65,500

Median age

42.4

Daytime population

156,873

5-yr growth

5.4%

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

Secure deal room

Confidential diligence documents for 5 - 120 SPENCER AVENUE, Toronto (South Parkdale).

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.