For Lease · Multifamily

UNIT 2 - 28 NORCROSS ROAD, Toronto (Clanton Park)

UNIT 2 - 28 NORCROSS ROAD, Toronto (Clanton Park), ON M3H2R4

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

87%

About this property

Newly built upscale rental suites in Clanton Park. Walking distance to Sheppard West subway station. Property has not been previously occupied. Ten foot ceilings and custom-home-level finishes throughout. 2-bedroom 2-bathroom units, approximately 900 square feet total with large open concept kitchen and living area. Large backyard area included. Parking available. Available for lease immediately. Located on a quiet residential street surrounded by newly-built custom homes. Close proximity to schools, parks, recreational facilities, and entertainment options. 30 minute transit ride to downtown Toronto and easy access to Highway 401. Units come with in-suite laundry, private outdoor balcony/deck, new full-size appliances, ample storage space, doorbell camera and intercom system, tile and quartz backsplashes, wide-plank vinyl flooring, porcelain tile in washrooms and laundry rooms, roller blinds on all windows, private driveway parking. Landlord is a registered Salesperson with RECO. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

70,409

Households

26,982

Median income

$124,000

Median age

34.2

Daytime population

112,282

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for UNIT 2 - 28 NORCROSS ROAD, Toronto (Clanton Park).

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.