Business For Sale · Multifamily

145 DOVERCOURT ROAD, Toronto (Trinity-Bellwoods)

145 DOVERCOURT ROAD, Toronto (Trinity-Bellwoods), ON M6J3C5

$3.3M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Prime location @ Dovercourt & Queen Street West! Great opportunity for an individual to bring this project to completion. A newly constructed nearly finished, 6 unit dwelling situated on premium lot size (50ft X 129ft) with an approx 5000 sqft of living space inclusive of the lower level, Being sold in "as is" condition. Buyer to satisfy itself with all aspects of the property. The seller makes no warranties or representations regarding the property and the purchase thereof. The Seller is selling the property under the provision of the mortgage in default (power of sale). Schedule C is be attached to the agreement of purchase and sale and forming part of the agreement. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$3.30M
Down payment30% · $990K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$15K

Projected NOI

$121K

Annual cash flow

$-62K

Cash-on-cash

-6.26%

DSCR

0.66

Going-in cap

3.66%

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

107,176

Households

42,426

Median income

$129,000

Median age

38.4

Daytime population

116,776

5-yr growth

0.9%

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

Secure deal room

Confidential diligence documents for 145 DOVERCOURT ROAD, Toronto (Trinity-Bellwoods).

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.