For Sale · Multifamily

434 VICTORIA PARK AVENUE, Toronto (The Beaches)

434 VICTORIA PARK AVENUE, Toronto (The Beaches), ON M4E3T2

$1.6M 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

85%

About this property

Welcome to 434 Victoria Park Ave. This impeccably renovated legal modern triplex is located in the Upper Beach area just off the trendy Kingston Road shopping district. This well designed and maintained property features three (3) modern self-contained units, each tastefully designed and each unit has its own private entrance, it's own in-suite laundry and three (3) parking spots. This building has been strategically re-designed for maximum impact, efficiency and income potential. All units have been appointed with quality materials and built with superior craftsmanship and completed with modern appliances. The detached double car garage provides additional upside potential for increased income and potential garden suite development. This home is equipped with two (2) furnaces, two (2) hot water tank-less heaters, and two (2) A/C units for efficient climate control and comfort. Three (3) hydro meters and two (2) gas meters also make this property easy for a landlord to manage. This is a turnkey investment opportunity or live in and rent out the other units making home ownership very affordable. Enjoy the convenience and economy of a full sized "live-in" property with low maintenance and exceptional income and upside potential. (garden suite compliant). (id:66811)

Financial sandbox

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Estimate
Purchase price$1.55M
Down payment30% · $465K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$55K

Annual cash flow

$-31K

Cash-on-cash

-6.70%

DSCR

0.64

Going-in cap

3.53%

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

56,158

Households

24,582

Median income

$124,500

Median age

37.1

Daytime population

54,042

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 434 VICTORIA PARK AVENUE, Toronto (The Beaches).

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.