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$1.9M total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RA9 — High Rise
$ / SF
—
Occupancy
90%
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)
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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.
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.
Confidential diligence documents for 407 KIPLING AVENUE, Toronto (New Toronto).
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.