For Sale · Multifamily

(2ND FLOOR) - 107 STEPHEN DRIVE, Toronto (Stonegate-Queensway)

(2ND FLOOR) - 107 STEPHEN DRIVE, Toronto (Stonegate-Queensway), ON M8Y3M8

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

87%

About this property

Welcome to 107 Stephen Drive, located in a great Etobicoke neighborhood. Here, you can enjoy a short walk to Humber River, the lake, and local restaurants along the lakeshore. This bright and spacious 3-bedroom suite features recent renovations, including fresh neutral paint, a new kitchen, new bathroom, vinyl flooring, en-suite laundry, new appliances, and crown moulding in living and dining rooms. Large windows throughout provide plenty of natural light. The rental also includes one parking space. The property offers convenient access to downtown Toronto via car or TTC, 1 bus to subway station, just 5 minutes from the Royal York and Old Mill subway stations. Close to St. Mark Catholic Church and School, Sobeys, St. Joseph's Hospital, Etienne Brule Junior School and Humber River Recreational Trail. Minutes to Gardiner Expressway/QEW. Just move in and enjoy! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

84,828

Households

36,121

Median income

$125,000

Median age

37.6

Daytime population

88,569

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for (2ND FLOOR) - 107 STEPHEN DRIVE, Toronto (Stonegate-Queensway).

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.