Business For Sale · Multifamily

2479 QUEEN STREET E, Toronto (The Beaches)

2479 QUEEN STREET E, Toronto (The Beaches), ON M4E1H8

$4.8M total

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

83%

About this property

Exceptional opportunity to acquire a beautifully renovated six-unit multiplex in the heart of The Beaches. Offered fully furnished and completely turnkey, this meticulously maintained property features six spacious two-bedroom apartments, with several suites showcasing stylish modern renovations. Delivered with vacant possession, it offers investors the unique opportunity to establish market rents from day one and maximize income potential. A strong income-producing asset with excellent long-term growth potential, the property also features six dedicated parking spaces and tenant storage. Ideally situated on vibrant Queen Street East, just steps to the beach, parks, transit, cafés, restaurants, boutique shopping, and all the amenities this sought-after lakeside community has to offer. A great investment opportunity in one of Toronto's most desirable neighbourhoods (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$4.80M
Down payment30% · $1.44M
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$22K

Projected NOI

$178K

Annual cash flow

$-88K

Cash-on-cash

-6.09%

DSCR

0.67

Going-in cap

3.72%

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

45,676

Households

16,057

Median income

$113,500

Median age

31.9

Daytime population

51,647

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 2479 QUEEN STREET E, Toronto (The Beaches).

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.