For Lease · Multifamily

2 - 284 GLEDHILL AVENUE W, Toronto (Woodbine-Lumsden)

2 - 284 GLEDHILL AVENUE W, Toronto (Woodbine-Lumsden), ON M4C4L1

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

94%

About this property

2-bedroom unit available for lease in the vibrant Woodbine-Lumsden area. This unit is situated in a low-rise fourplex, offering a peaceful and intimate living environment with only two units per floor. The building is meticulously maintained, ensuring a comfortable and well-cared-for living space. One of the standout features of this property is the large private fenced-in yard. The location of this unit is ideal, with proximity to parks, schools, and transit options. Just a short distance north of the Danforth, residents will have access to a wide range of amenities, including restaurants, cafes, shops, and entertainment options. The Woodbine-Lumsden community is known for its welcoming atmosphere, fostering a great sense of community and making it a desirable place to live. Don't miss out on this opportunity to lease a beautiful unit in the Woodbine-Lumsden area! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

57,002

Households

22,434

Median income

$78,500

Median age

39.7

Daytime population

72,223

5-yr growth

6%

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

Secure deal room

Confidential diligence documents for 2 - 284 GLEDHILL AVENUE W, Toronto (Woodbine-Lumsden).

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.