For Lease · Multifamily

29 - 1169 DANFORTH AVENUE, Toronto (Blake-Jones)

29 - 1169 DANFORTH AVENUE, Toronto (Blake-Jones), ON M4J1M5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

83%

About this property

LOCATION, LOCATION, LOCATION! Step into this beautifully renovated 1-bedroom, 1-bathroom suite where everything has been done for you. Featuring brand-new flooring, a refreshed kitchen and bathroom, and freshly painted throughout, this is the perfect place to simply move in, unpack and enjoy. And the location? It doesn't get much better! Vibrant Danforth living is right outside your door, with the subway just steps away, along with trendy shops, cafés, restaurants and everyday conveniences. Enjoy the energy and culture of nearby Greek Town, or head to The Beach for relaxing boardwalk strolls and waterfront escapes. With transit, dining, shopping, entertainment and so much more all within easy reach, you can leave the car behind and enjoy everything the neighbourhood has to offer. Available for lease starting October 15. Seller is willing to help with moving costs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$67K

Annual cash flow

$-16K

Cash-on-cash

-3.54%

DSCR

0.81

Going-in cap

4.48%

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

141,987

Households

52,796

Median income

$77,500

Median age

38

Daytime population

217,644

5-yr growth

5.5%

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

Secure deal room

Confidential diligence documents for 29 - 1169 DANFORTH AVENUE, Toronto (Blake-Jones).

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.