Business For Sale · Multifamily

29 LOVE CRESCENT, Toronto (East End-Danforth)

29 LOVE CRESCENT, Toronto (East End-Danforth), ON M4E1V6

$1.3M total

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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

85%

About this property

Welcome to the Upper Beaches-Toronto's Coastal Crown Jewel!This is more than a property; it's a rare treasure in one of the city's most sought-afterenclaves!Presenting a distinctive income-generating masterpiece featuring three fully self-containedresidential suites, a spacious two-car garage, and individual hydro meters-perfectly tailoredfor the discerning investor or multi-generational family looking to live stylishly whileearning effortlessly.Immerse yourself in the best of city-meets-lakeside living: stroll to the beach, savour theenergy of trendy cafés and restaurants, and enjoy effortless access to the TTC, majorhighways, and the DVP. This location offers the ultimate urban lifestyle with a relaxed,beach-town feel.With tenants currently on a month-to-month basis, you're gifted with unmatchedflexibility-move right in, lease for passive income, or redesign to your heart's content.A rare opportunity not to be missed! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.30M
Down payment30% · $390K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$53K

Annual cash flow

$-19K

Cash-on-cash

-4.75%

DSCR

0.74

Going-in cap

4.12%

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

64,546

Households

24,770

Median income

$84,500

Median age

43.2

Daytime population

56,088

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 29 LOVE CRESCENT, Toronto (East End-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.