Business For Sale · Multifamily

2449 ST CLAIR AVENUE W, Toronto (Junction Area)

2449 ST CLAIR AVENUE W, Toronto (Junction Area), ON M6N1K9

$1.4M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

85%

About this property

Detached 3 Unit Dwelling Plus Detached Shop/Garage. Residential area of the dwelling is approximately 1200 square feet plus a 900 square foot purpose built garage, shop or storage on 2 levels. Owner occupied no tenants to assume vacant possession on closing. Excellent opportunity to live/work and collect rents and wait for future development. Adjoining vacant property approved for a 6 storey development. Pad parking and laneway access to shop. Seller makes no representation as to the retrofit of the dwelling. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.40M
Down payment30% · $419K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$42K

Annual cash flow

$-35K

Cash-on-cash

-8.47%

DSCR

0.54

Going-in cap

3.00%

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

102,446

Households

43,801

Median income

$116,000

Median age

32.1

Daytime population

172,271

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 2449 ST CLAIR AVENUE W, Toronto (Junction Area).

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.