For Lease · Multifamily

MAIN - 797 PAPE AVENUE, Toronto (Danforth)

MAIN - 797 PAPE AVENUE, Toronto (Danforth), ON M4K3T2

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

89%

About this property

Rare Opportunity to Lease this Magnificent Spacious 1-Bedroom Apartment Entirely Renovated Fully Furnished & Decorated on Main floor with full exclusive access to a very private Backyard and deck. Enjoy The Vibrant Heart Of Danforth Living! Turn key Apartment Ready to Move in with your personal belongings only the property includes all Furnitures, Bed sheets, Decors, Dishes sets and all Utilities Covered 1 Year lease Minimum Street parking with city permit available. Located Just a step away From Pape Subway Station & All Restaurants. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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

77,964

Households

32,619

Median income

$99,000

Median age

44.8

Daytime population

70,911

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for MAIN - 797 PAPE AVENUE, Toronto (Danforth).

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.