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Price on request
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Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
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Occupancy
98%
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)
Adjust the deal assumptions — returns recalculate instantly.
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.
Trade area within 3 miles of the property.
Population
70,714
Households
29,037
Median income
$98,000
Median age
43.8
Daytime population
67,736
5-yr growth
2.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for UNIT 6 - 28 NORCROSS ROAD, Toronto (Clanton Park).
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.