For Sale · Multifamily

2 - 440 AVENUE ROAD, Toronto (Casa Loma)

2 - 440 AVENUE ROAD, Toronto (Casa Loma), ON M4V2H8

Price on request

—

Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

—

Occupancy

91%

About this property

Welcome home to this bright and beautiful main-floor unit in a charming, well-maintained multiplex. Perfectly blending character with modern convenience, this spacious 2-bedroom, 1 bathroom layout offers the feel of a standalone home without the maintenance hassle. The living area boasts large windows that flood the space with natural light. The kitchen features full-sized appliances, ample cabinetry, and generous counter space and a butcher block island with shelves below that allow for home cooking and entertaining. The Kitchen also has a window a/c unit. The primary bedroom is in the lower level and is large enough to fit a King size bed with excellent closet storage. The second bedroom has two large windows allowing natural light into the room. The exposed brick on the wall adds charm to the room. The unit is located on Avenue Road which is convenient for transit and offers easy access to downtown Toronto. Shared coin-operated laundry is available in the basement. One parking spot, Hydro, Water and Heat are included with rent. Suitable for a single occupant or couple. Available immediately. Features: Shared coin-operated laundry in the basement. Located in a quiet professionally managed building. Transit outside your door and close to all amenities. Pets Welcome. Smoke-free unit. Hydro, Water and Heat included in rent, along with one parking spot. One Window A/C included. Available immediately. Applicants will be required to provide proof of income, a credit report and references. Do not miss out on this well located, pet-friendly unit. Schedule a viewing today! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

80,673

Households

33,080

Median income

$88,500

Median age

43.5

Daytime population

118,825

5-yr growth

3.9%

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

Secure deal room

Confidential diligence documents for 2 - 440 AVENUE ROAD, Toronto (Casa Loma).

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.