For Sale · Multifamily

LOWER - 6 LAPP STREET, Toronto (Rockcliffe-Smythe)

LOWER - 6 LAPP STREET, Toronto (Rockcliffe-Smythe), ON M6N3W6

Price on request

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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

86%

About this property

Move in & Enjoy this Recent Reno & Pet Friendly 1 Bedroom Apartment w/Your Own Private Entrance. Quick Walk to Transit, The Stockyards Mall and Local Shops & Restaurants.This Lovely Apartment Comes with a Newer Kitchen with Granite Countertop, Breakfast Bar Nook, StainlessSteel Appliances, Pot lights, New Bath, In-Suite Laundry. You Control Your Own In Suite Temperatures with the Mini Split Heating/Cooling Units/System. Everything New-Heating/Cooling,Electrical, Plumbing, Flooring, Kitchen, Bath. Conveniently Located Steps to Harwood Public School, St. Oscar Romero Secondary School & Lavender Creek Green Space. Enjoy the Comfort Living in a Recently Renovated Apartment! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

133,784

Households

56,827

Median income

$128,500

Median age

38

Daytime population

121,457

5-yr growth

6.4%

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

Secure deal room

Confidential diligence documents for LOWER - 6 LAPP STREET, Toronto (Rockcliffe-Smythe).

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.