For Sale · Multifamily

2 - 334A GLADSTONE AVENUE, Toronto (Little Portugal)

2 - 334A GLADSTONE AVENUE, Toronto (Little Portugal), ON M6J3L6

Price on request

—

Asset Class

Multifamily

Size

—

Building class

C

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

89%

About this property

Some Places Just Have A Different Feel. This Is One Of Them. Set In A Boutique Building In Little Portugal, This Two-Between Apartment Is Cool, Unique, And Somewhere You'll Be Excited To Call Home. You're Steps Away From Some Of The City's Best Restaurants, Bars, And Neighbourhood Spots, But Tucked Away From The Noise When You Want Some Peace And Quiet. Dinner Around The Corner, Drinks With Friends, And An Easy Walk Home: It's All Part Of Living Here. Apartments In This Building Rarely Become Available, And That's What Makes This An Opportunity Worth Jumping On. If You've Been Waiting For A Place With Personality In A Neighbourhood You'll Love, Come See It. You Won't Want To Be The One Who Waited Too Long. (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

41,506

Households

16,271

Median income

$65,000

Median age

40

Daytime population

50,763

5-yr growth

2.6%

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

Secure deal room

Confidential diligence documents for 2 - 334A GLADSTONE AVENUE, Toronto (Little Portugal).

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.