For Sale · Multifamily

UNIT 3 - 571 PALMERSTON AVENUE, Toronto (Annex)

UNIT 3 - 571 PALMERSTON AVENUE, Toronto (Annex), ON M6G2P6

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

88%

About this property

Fantastic location in the heart of Seaton Village, just steps from Bloor & Palmerston! Bright and spacious 1-bedroom, 1-bath Top Floor apartment featuring large windows and an abundance of natural light throughout. Recently renovated with a generously sized bedroom and a functional layout. Gorgeous deck overlooking the city Skyline. Enjoy being minutes to subway stations, shops, cafes, restaurants, and all the conveniences of this vibrant neighbourhood. Perfect for those seeking comfort and city living in a prime Toronto location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

140,498

Households

58,087

Median income

$136,500

Median age

39.1

Daytime population

164,944

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for UNIT 3 - 571 PALMERSTON AVENUE, Toronto (Annex).

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.