Business For Sale · Multifamily

1213 WESTON ROAD, Toronto (Mount Dennis)

1213 WESTON ROAD, Toronto (Mount Dennis), ON M6M4P7

$1.9M total

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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

88%

About this property

Exceptional mixed-use investment opportunity in the rapidly evolving Mount Dennis community. 1213-1215 Weston Rd features 5 residential apartments and 1 retail unit, offering strong and stable cash flow with remarkably low operating expenses. Fully renovated and fire retrofitted, this turnkey asset benefits from updated mechanical systems and efficiencies rarely found in buildings of this scale.The residential component consists of two spacious 2-bedroom upper units and three well-designed 1-bedroom main/lower units, all featuring good height ceilings, bright interiors, and updated kitchens. Ample on-site parking further enhances tenant and retail appeal. Positioned on a 32.72 x 100 ft lot in one of Toronto's fastest-transforming west-end neighbourhoods, the property stands to benefit from significant infrastructure and transit investment underway throughout the area. Located just minutes from the growing Mount Dennis mobility hub, the neighbourhood is being reshaped by the opening of the Eglinton Crosstown LRT and the future Eglinton Crosstown West Extension, connecting residents to TTC, GO Transit, and UP Express services with improved access across the GTA and Pearson Airport. The broader Mount Dennis and Weston corridor continues to see substantial revitalization, transit-oriented growth, and new residential development, reinforcing long-term upside and tenant demand in the area. A rare opportunity to acquire a stabilized, low-maintenance mixed-use asset with strong fundamentals in a neighbourhood positioned for continued growth, possible land assembly and infrastructure investment. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$63K

Annual cash flow

$-42K

Cash-on-cash

-7.35%

DSCR

0.60

Going-in cap

3.34%

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

82,930

Households

29,117

Median income

$124,000

Median age

36.9

Daytime population

122,383

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 1213 WESTON ROAD, Toronto (Mount Dennis).

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.