Business For Sale · Multifamily

90 TRETHEWEY DRIVE, Toronto (Beechborough-Greenbrook)

90 TRETHEWEY DRIVE, Toronto (Beechborough-Greenbrook), ON M6M4B4

$1.4M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

89%

About this property

Huge Purpose-Built Multiplex - Six Spacious Units! 6,888 sq ft (floor plans) One unit will be vacant on closing.Well-maintained detached building near Eglinton & Black Creek, offering 5 large two-bedroom suites plus 1 bachelor. Conveniently located with easy access to Hwy 401 & 400, TTC service on Trethewey with a direct bus to the new Eglinton Crosstown Subway, and within walking distance to local schools. Building Highlights: Roof(2018), Furnace (2009), Boiler (2009) Garage doors(2017) All units converted from fuses to breakers (2019). No knob & tube wiring. Approx. 6,888sq. ft. (per attached floor plans, including basement) 5-car garage. Income: Estimated Gross annual rent of $105,000 (Approx., as per Seller). Important Notes: Existing tenants to beassumed. One unit will be vacant on closing, Vacant possession of tenant units will not be provided. Photos are from a previous listing; current floor plans attached. AGENTS - FINANCIALS AND FLOORPLANS ARE ON THE ATTACHMENT. ONE YEAR FREE PROPERTY MANAGEMENT - ASK LA FOR DETAILS (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$40K

Annual cash flow

$-35K

Cash-on-cash

-8.54%

DSCR

0.54

Going-in cap

2.98%

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

101,610

Households

37,912

Median income

$102,000

Median age

45.3

Daytime population

171,012

5-yr growth

6.2%

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

Secure deal room

Confidential diligence documents for 90 TRETHEWEY DRIVE, Toronto (Beechborough-Greenbrook).

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.