For Lease · Multifamily

2 - 2 BUSY STREET, Toronto (South Riverdale)

2 - 2 BUSY STREET, Toronto (South Riverdale), ON M4M1N8

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

97%

About this property

Unique one-bedroom apartment for lease in the heart of Leslieville, tucked away on a historic cartage laneway just off the neighborhoods vibrant main streets. This renovated second-floor walk-up offers a rare combination of character, privacy, outdoor space, parking and storage. The bright and inviting living area features a large south-facing window providing excellent natural light throughout the day. The renovated interior offers a functional layout with a comfortable bedroom, modern kitchen and updated finishes. Step outside to your own rear deck-an ideal spot for morning coffee, relaxing or enjoying some fresh air. The unit also includes one dedicated parking space and a small private storage room, providing valuable additional space rarely found with a one-bedroom rental. Enjoy a distinctive laneway setting while remaining steps from everything Leslieville has to offer, including popular restaurants, cafés, shops, parks and transit. A charming and thoughtfully renovated home offering the character of historic Leslieville with modern conveniences, private outdoor space, storage and included parking. An excellent alternative to high-rise living in one of Toronto's most desirable east-end neighborhoods. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$2K

Cash-on-cash

0.46%

DSCR

1.02

Going-in cap

5.68%

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

43,288

Households

16,788

Median income

$66,500

Median age

41.2

Daytime population

65,186

5-yr growth

8.8%

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

Secure deal room

Confidential diligence documents for 2 - 2 BUSY STREET, Toronto (South Riverdale).

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.