Business For Sale · Multifamily

3 HARSHAW AVENUE, Toronto (Runnymede-Bloor West Village)

3 HARSHAW AVENUE, Toronto (Runnymede-Bloor West Village), ON M6S1X7

$1.9M total

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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

91%

About this property

A rare opportunity to acquire an incredible generational investment asset in Bloor WestVillage. Perfectly positioned on a quiet residential street amongst multi million dollar homes.This purpose built property offers unmatched tenant appeal and long term value. The building was built new in 1987 with underground parking and over 2949 square feet of living space. All three spacious, well appointed two bedroom units are above grade! Two of the units are two storey each, with open concept living spaces, exposed brick and additional powder rooms! All units are separately metered for hydro and heat Additionally there are four storage lockers. Located within the sought after Runnymede Junior and Senior Public School as well as Humberside Collegiate catchment area and only a five minute walk to the subway, local cafes, trendy shops, restaurants and local parks. This triplex is the perfect turn key investment with great incomein a prime location! Perfect for investors or multi generational living. Whether you're looking to expand your investment portfolio or secure a multi-generational residence, this exceptional property offers endless potential. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$86K

Annual cash flow

$-19K

Cash-on-cash

-3.36%

DSCR

0.82

Going-in cap

4.53%

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

141,429

Households

55,149

Median income

$71,000

Median age

41.6

Daytime population

171,649

5-yr growth

5%

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

Secure deal room

Confidential diligence documents for 3 HARSHAW AVENUE, Toronto (Runnymede-Bloor West Village).

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.