For Lease · Multifamily

508 - 110 WELLESLEY STREET E, Toronto (Church-Yonge Corridor)

508 - 110 WELLESLEY STREET E, Toronto (Church-Yonge Corridor), ON M4Y1J1

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

84%

About this property

Experience downtown living from this bright upper-level suite situated in the heart of Toronto's vibrant Church-Wellesley neighbourhood. Offering a completely open-concept design with soaring high ceilings and large bedroom window and others throughout, this newly renovated 555sqf unit feels spacious, airy, and inviting. A thoughtfully updated apartment, it features a modern kitchen equipped with stainless steel appliances, contemporary finishes, and an efficient layout that seamlessly connects the kitchen, living, and sleeping areas. The open living is very large for a one-bedroom, creating a comfortable environment ideal for professionals seeking a centrally located urban home with more space. The renovated bathroom offers clean, modern finishes, while the elevated floor position provides added privacy and a quieter living experience above street level. Residents have access to a shared laundry facility within the building. Heat and water are included in the lawful monthly rent (Hydro separate). This unit is located just moments from Jarvis and Wellesley, residents can enjoy immediate access to neighbourhood cafés, restaurants, grocery stores, entertainment venues, and green spaces. The property's central location places Toronto Metropolitan University, the Financial District, Yorkville, and multiple TTC subway stations within easy reach, making commuting and exploring the city exceptionally convenient. Available for immediate occupancy. An excellent opportunity to lease a newly renovated downtown apartment in one of Toronto's most walkable and connected communities. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$68K

Annual cash flow

$-15K

Cash-on-cash

-3.26%

DSCR

0.82

Going-in cap

4.56%

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

44,995

Households

19,222

Median income

$113,000

Median age

31.5

Daytime population

74,008

5-yr growth

5.8%

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

Secure deal room

Confidential diligence documents for 508 - 110 WELLESLEY STREET E, Toronto (Church-Yonge Corridor).

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.