For Sale · Multifamily

2ND FLOOR - 129 MORRISON AVENUE, Toronto (Corso Italia-Davenport)

2ND FLOOR - 129 MORRISON AVENUE, Toronto (Corso Italia-Davenport), ON M6E1M5

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

93%

About this property

Welcome to this bright and well-maintained 1 bedroom, 1 bathroom apartment located on the second floor of a charming fourplex in the highly sough-after Corso Italia-Davenport neighbourhood. This spacious unit features a functional layout with plenty of natural light, a comfortable living area, and a well-appointed kitchen with ample storage. Conveniently situated closet to TTC Transit, shops, restaurants, parks, and everyday amenities, this apartment offers the perfect balance of comfort and city living in a vibrant and accessible community. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$80K

Annual cash flow

$-3K

Cash-on-cash

-0.69%

DSCR

0.96

Going-in cap

5.34%

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

75,820

Households

28,044

Median income

$70,500

Median age

38.7

Daytime population

75,301

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 2ND FLOOR - 129 MORRISON AVENUE, Toronto (Corso Italia-Davenport).

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.