For Sale · Multifamily

U201 - 8 ST ANDREW STREET, Toronto (Kensington-Chinatown)

U201 - 8 ST ANDREW STREET, Toronto (Kensington-Chinatown), ON M5T1K6

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

92%

About this property

Bright and spacious 2-bedroom suite at 8 St. Andrew Street with all utilities included, offering a functional layout in the heart of downtown Toronto. Large windows provide abundant natural light, while the open living and dining area features contemporary flooring and plenty of space for everyday living. The kitchen is appointed with stainless steel appliances, ample cabinetry, generous counter space, and a distinctive tiled backsplash. Both bedrooms offer comfortable accommodations, with the primary bedroom featuring a private 2-piece ensuite. A second 2-piece washroom and a separate stand-up shower room add convenience. Residents also have access to a shared outdoor terrace. Ideally situated near Kensington Market, Chinatown, Queen Street West, the University of Toronto, OCAD University, the Art Gallery of Ontario, Toronto Western Hospital, grocery stores, cafés, restaurants, shopping, and downtown attractions. TTC streetcar service and nearby subway connections make travelling throughout the city convenient. An excellent rental opportunity offering generous living space in one of Toronto's most vibrant and walkable neighbourhoods. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$79K

Annual cash flow

$-4K

Cash-on-cash

-0.97%

DSCR

0.95

Going-in cap

5.25%

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

55,016

Households

19,892

Median income

$115,500

Median age

34.3

Daytime population

67,404

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for U201 - 8 ST ANDREW STREET, Toronto (Kensington-Chinatown).

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.