For Lease · Multifamily

2 - 7 EARNSCLIFFE ROAD, Toronto (Oakwood Village)

2 - 7 EARNSCLIFFE ROAD, Toronto (Oakwood Village), ON M6E1J4

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

91%

About this property

Modern 1-bedroom, 1-bathroom basement apartment offering approximately 480 sq. ft. of well-designed living space in a newly built multiplex. This bright unit features an open-concept living and kitchen area, stylish contemporary finishes, and the convenience of in-suite laundry. Enjoy living in Toronto's Oakwood Village neighbourhood with easy access to transit, parks, cafés, restaurants, and daily essentials. Unlimited Wi-Fi is an additional fee of $60/month. Tenant is responsible for 10% of gas and water, plus separately metered hydro.*Additional storage available for an additional $40-$50/mo. **Please Note** Photos are of a similar unit at a more advanced stage of construction and are for reference purposes only. Layout, finishes, fixtures, and features may differ from the unit being offered for lease. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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

74,000

Households

32,452

Median income

$121,500

Median age

34.8

Daytime population

95,706

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 2 - 7 EARNSCLIFFE ROAD, Toronto (Oakwood 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.