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Price on request
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Asset Class
Multifamily
Size
—
Building class
C
Zoning
RA8 — Medium Rise
$ / SF
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Occupancy
84%
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)
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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.
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.
Confidential diligence documents for 508 - 110 WELLESLEY STREET E, Toronto (Church-Yonge Corridor).
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.