For Sale · Multifamily

435 MORTIMER AVENUE, Toronto (Danforth Village-East York)

435 MORTIMER AVENUE, Toronto (Danforth Village-East York), ON M4J2G1

$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

92%

About this property

Not your standard income property! We are talking high end finishes no details or space has been overlooked. Welcome to 435 Mortimer Avenue, an income property in Toronto's Danforth Village-East York neighbourhood. Registered as a duplex with a basement apartment, the home currently offers three self-contained living spaces, each with its own kitchen, four-piece bathroom, and laundry. Every level has been thoughtfully laid out to make the most of its space, creating comfortable, independent homes well suited to city living.The main-floor one-bedroom suite features hardwood floors, a separate living room, and an updated eat-in kitchen. Upstairs, the bachelor-style suite offers hardwood floors and access to a beautiful private large patio/balcony, along with a new washer and dryer. The lower-level one-bedroom apartment has an open kitchen and living area, a separate bedroom, and its own laundry.Fully tenanted with an established rent roll, this is a compelling opportunity for an investor. The existing tenants willing to stay, offering continuity for a buyer looking to maintain the property's current rental use. The flexible layout may also appeal to multigenerational families or first-time buyers interested in exploring the possibility of living in one space while rental income from the others helps with ownership costs. Its East York location offers a residential setting with convenient access to downtown Toronto. Included in the sale are three fridges, three stoves, three washers and dryers, existing light fixtures, window coverings, and an owned on demand hot water heater. With independent entries and amenities on every level and income already in place, 435 Mortimer offers both immediate appeal and options for the future uses. Don't miss the exceptional opportunity that doesnt come along often. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.40M
Down payment30% · $419K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$55K

Annual cash flow

$-22K

Cash-on-cash

-5.31%

DSCR

0.71

Going-in cap

3.95%

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

84,829

Households

34,659

Median income

$134,000

Median age

39.3

Daytime population

127,405

5-yr growth

2.8%

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

Secure deal room

Confidential diligence documents for 435 MORTIMER AVENUE, Toronto (Danforth Village-East York).

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.