For Sale · Multifamily

BASEMENT - 144 LAKE CRESCENT, Toronto (Mimico)

BASEMENT - 144 LAKE CRESCENT, Toronto (Mimico), ON M8V1W1

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

90%

About this property

Welcome to this freshly painted, move-in-ready 1-bedroom basement apartment located in the heart of Mimico, Toronto's highly sought-after West-End waterfront community! This well-maintained, unit offers a comfortable living space, private in-suite laundry, and *all-inclusive utilities (heat, hydro, and water)*. Enjoy shared access to the backyard and the convenience of being just steps from San Remo Bakery, Jimmy's Coffee, Revolver Pizza, Mimico GO Station, and the scenic waterfront. Perfectly situated in a vibrant, well-connected neighbourhood, this charming apartment is ready for immediate occupancy! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$76K

Annual cash flow

$-7K

Cash-on-cash

-1.54%

DSCR

0.92

Going-in cap

5.08%

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

76,216

Households

28,393

Median income

$132,500

Median age

38.6

Daytime population

111,149

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for BASEMENT - 144 LAKE CRESCENT, Toronto (Mimico).

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.