Business For Sale · Multifamily

827 COSBURN AVENUE, Toronto (Woodbine-Lumsden)

827 COSBURN AVENUE, Toronto (Woodbine-Lumsden), ON M4C2V9

$2.0M total

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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

90%

About this property

Exceptional East York Six-Plex Investment Opportunity! Detached Property Featuring 6 Self-Contained Suites, Including 2 Spacious 2-Bedroom Units And 4 Well-Proportioned 1-Bedroom Units, Situated On A 42' X 100' Lot. Spacious Driveway With 5 Surface Parking Spaces At The Rear. All Tenancies Are Currently Month-To-Month, Offering An Established Rental Setup With Potential For Long-Term Investment. Conveniently Located Near TTC Bus Service Connecting To Broadview And Main Street Subway Stations And Danforth GO Station. Just Minutes To Woodbine Subway Station, The Danforth's Shops And Restaurants, Dieppe Park, Taylor Creek Trails, Schools, And Michael Garron Hospital. A Great Opportunity To Own A Multi-Unit Residential Property In Toronto's East End. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.00M
Down payment30% · $599K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$71K

Annual cash flow

$-39K

Cash-on-cash

-6.54%

DSCR

0.65

Going-in cap

3.58%

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

107,987

Households

39,155

Median income

$111,500

Median age

35.1

Daytime population

125,782

5-yr growth

6.3%

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

Secure deal room

Confidential diligence documents for 827 COSBURN AVENUE, 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.