For Sale · Multifamily

407 KIPLING AVENUE, Toronto (New Toronto)

407 KIPLING AVENUE, Toronto (New Toronto), ON M8V3K8

$1.9M total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

90%

About this property

Welcome to 407 Kipling Avenue! A beautifully renovated triplex offering 3 self-contained residential units, 8 bedrooms and 3 bathrooms, with 4 parking spaces. Over $250,000 spent on extensive upgrades and improvements throughout. Al three units feature stylish vinyl flooring, modern kitchens equipped with high-end KitchenAid appliances including dishwasher and laundry is also available for all units in the kitchen, updated bathrooms with new tiles, and new windows. The main and second-floor units each offer 3 bedrooms and 1 bathroom, while the basement unit features 2 bedrooms and 1 bathroom. An excellent opportunity for investors, multi-generational families or buyers looking to live in one unit while generating rental income from the ofhers. Conveniently located close to shopping, restaurants, schools, parks, public transit and everyday amenities, with easy access to major highways including the Gardner Expressway, QEW and Highway 427. A fantastic opportunity to own a turnkey, extensively upgraded income property in a desirable Toronto location! (id:66811)

Financial sandbox

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Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$83K

Annual cash flow

$-23K

Cash-on-cash

-3.97%

DSCR

0.79

Going-in cap

4.35%

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

142,979

Households

67,911

Median income

$98,000

Median age

45.7

Daytime population

207,554

5-yr growth

1.6%

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

Secure deal room

Confidential diligence documents for 407 KIPLING AVENUE, Toronto (New Toronto).

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.