Business For Sale · Multifamily

2449 ST CLAIR AVENUE W, Toronto (Junction Area)

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

$1.7M 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 HOME WITH DETACHED GARAGE/SHOP, RESIDENTIAL AREA APPROXIMATELY 12OO SQUARE FEET PLUS 900 SQUARE FOOT SHOP WITH MEZZANINE. OWNER OCCUPIED NO TENANTS VACANT POSSESSION ON CLOSING. EXCELLENT OPPORTUNITY FOR LIVE WORK SITUATION OR FUTURE DEVELOPMENT. SELLER MAKES NO REPRESENTATION AS TO THE RETROFIT STATUS. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.75M
Down payment30% · $525K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$53K

Annual cash flow

$-44K

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.