For Sale · Multifamily

83 WHEATFIELD ROAD, Toronto (Mimico)

83 WHEATFIELD ROAD, Toronto (Mimico), ON M8V1S6

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

99%

About this property

Bright & Spacious 2-Bedroom Main floor Apartment in an Unbeatable Lakeside Location! This well-maintained unit features a functional open-concept layout with an eat-in kitchen and walk-out to a private balcony, perfect for enjoying your morning coffee. Large windows fill the home with natural light, creating a warm and inviting atmosphere throughout. The spacious primary bedroom offers a large closet plus a convenient bonus cubby closet, while the generous second bedroom features ample closet space and access to a bright solarium-ideal as a home office, reading nook, or relaxation space. Hardwood flooring runs throughout, adding warmth and character.Enjoy the convenience of garage and driveway parking, a private entrance, and access to a private front lawn. Coin-operated laundry is available on-site.Ideally located on a quiet residential street just 150 metres from Lake Ontario, this home offers an exceptional walk score with TTC streetcars and buses just steps away, plus easy access to shops, grocery stores, cafes, parks, restaurants, and the waterfront.Rent plus hydro. A fantastic opportunity to enjoy comfortable living in one of Toronto's most desirable lakeside neighbourhoods. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

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

69,838

Households

31,116

Median income

$100,500

Median age

44

Daytime population

105,024

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 83 WHEATFIELD ROAD, Toronto (Mimico).

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.