
























1/262479 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%
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)
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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.
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.
Confidential diligence documents for 2479 QUEEN STREET E, Toronto (The Beaches).
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.