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For Lease · Multifamily

2983 LAWRENCE AVENUE E, Toronto (Bendale)

2983 LAWRENCE AVENUE E, Toronto (Bendale), ON M1P2V6

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

98%

About this property

Prime Location - 6 Rental Units | McCowan & Lawrence, Scarborough Excellent Leasing Opportunity In A Highly Desirable Scarborough Location! Featuring 6 Self-Contained One-Bedroom Units, Available For Rent Individually Or As An Entire Package Of 6 Units To A Single Tenant Or Organization. Conveniently Located Directly Across From Scarborough General Hospital, With Excellent Access To Public Transit, Shopping, Restaurants, Major Roads, And Essential Amenities. Rental Details: 6 One-Bedroom Units Available Individual Rent: $2,000 Per Unit/Month + Utilities Entire Property: All 6 Units Available For Lease Together Total Monthly Rent: $12,000 + Utilities Prime McCowan & Lawrence Location Ideal For Individuals, Healthcare Professionals, Corporate Housing, Staff Accommodations, Or Organizations Seeking Multiple Residential Units Flexible Leasing Options! Rent A Single Unit Or Lease All 6 Units Together. An Excellent Opportunity For Individuals, Businesses, And Organizations Seeking Accommodation In A Convenient, High-Demand Location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy98%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$86K

Annual cash flow

$3K

Cash-on-cash

0.74%

DSCR

1.04

Going-in cap

5.76%

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

42,054

Households

18,150

Median income

$95,500

Median age

43.1

Daytime population

61,397

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 2983 LAWRENCE AVENUE E, Toronto (Bendale).

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.