Business For Sale · Multifamily

335 COLLEGE STREET, Toronto (Kensington-Chinatown)

335 COLLEGE STREET, Toronto (Kensington-Chinatown), ON M5T1S2

$10.8M total

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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

95%

About this property

The property features 25 apartment units, including studio, one-bedroom, two-bedroom, and 1 commercial unit, delivering strong current income with clear and achievable upside potential. Investors will benefit from immediate cash flow and the opportunity to enhance returns through strategic rental growth. Great Location along College west of Spadina, Heart of Kensington Market and Chinatown, Walk to U of T, Hospitals, grocery, shops and restaurants. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$10.75M
Down payment30% · $3.23M
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$50K

Projected NOI

$486K

Annual cash flow

$-109K

Cash-on-cash

-3.39%

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

125,073

Households

45,914

Median income

$96,500

Median age

42.2

Daytime population

182,218

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 335 COLLEGE STREET, Toronto (Kensington-Chinatown).

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.