Business For Sale · Multifamily

135 SAMMON AVENUE, Toronto (Danforth Village-East York)

135 SAMMON AVENUE, Toronto (Danforth Village-East York), ON M4J1Y9

$3.0M total

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

94%

Lot Size

9082 ac

About this property

Rare opportunity! 11-unit Multi-Family Residential Building Located in East York. Detached 2.5 Storey With a Gross Leasable Building Area of About 9,082 sq ft. 6 x Two Bed, 5 x One Bed, 1 xBach. Tenants Pay Hydro. Clean and Strong Long-Term Tenants. 6 Surface Parking Spaces and a 2-car Built-In Garage at The Rear of The Property. Roof replaced in 2018. Units 2, 6 and 10 Recently Renovated. Walkable distance to Ontario Subway Line. 10 Min to Bloor Subway Line. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.95M
Down payment30% · $885K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$135K

Annual cash flow

$-29K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

66,440

Households

25,706

Median income

$93,000

Median age

45.2

Daytime population

100,700

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 135 SAMMON AVENUE, Toronto (Danforth Village-East York).

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.