For Sale · Multifamily

605 - 1651 VICTORIA PARK AVENUE, Toronto (Wexford-Maryvale)

605 - 1651 VICTORIA PARK AVENUE, Toronto (Wexford-Maryvale), ON M1R1P9

Price on request

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

94%

About this property

LOCATION, LOCATION, LOCATION! ONE MONTH FREE RENT!Sign a 12-month lease and enjoy YOUR 11TH MONTH RENT FREE!Welcome to Waxford Manor, offering spacious, bright and renovated apartments in a convenient Toronto location with TTC right at your doorstep!Enjoy comfortable living in this well-maintained, professionally managed 8-storey mid-rise building, proudly achieving an impressive 93% RentSafeTO rating.BUILDING FEATURES & AMENITIES:Secure building entry and 24/7 video surveillance24/7 live-in superintendent for added peace of mindOn-site property management office, open 3 days a weekTwo elevators and two stairwellsConvenient coin-operated laundry facilitiesLocker rooms for additional storageOutdoor parking available at $70/monthIndoor parking available at $90/monthEXCELLENT LOCATION & CONNECTIVITY:TTC at your doorstep, with easy access to the DVP, Highway 401, Eglinton Crosstown LRT and GO stations. Conveniently located near grocery stores, restaurants, shopping, local markets and everyday essentials.Enjoy the perfect combination of space, convenience and professionally managed living at Waxford Manor!Professionally managed by Sawera Property Management (SPM). (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$81K

Annual cash flow

$-2K

Cash-on-cash

-0.40%

DSCR

0.98

Going-in cap

5.42%

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

90,174

Households

36,707

Median income

$137,500

Median age

36.5

Daytime population

136,027

5-yr growth

6.1%

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

Secure deal room

Confidential diligence documents for 605 - 1651 VICTORIA PARK AVENUE, Toronto (Wexford-Maryvale).

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.