For Lease · Multifamily

3 - 2360 QUEEN STREET E, Toronto (The Beaches)

3 - 2360 QUEEN STREET E, Toronto (The Beaches), ON M4E1H3

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

92%

About this property

Bright 1-bedroom unit available for lease in the heart of The Beaches! Located in a clean and well-managed building, this unit features a smart layout, large bedroom and a marvelous shared backyard for you to enjoy. Laundromat located right across the street. The 501 Queen streetcar is at your doorstep.You will be steps to the beach and waterfront, scenic parks and trails, plus the vibrant shops, cafés, restaurants and everyday conveniences along Queen Street. Groceries, local boutiques and neighbourhood favourites are all close at hand, making daily errands a breeze. Street parking permits can be available from the city. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

54,639

Households

21,515

Median income

$73,500

Median age

39

Daytime population

83,837

5-yr growth

8.9%

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

Secure deal room

Confidential diligence documents for 3 - 2360 QUEEN STREET E, Toronto (The Beaches).

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.