For Lease · Multifamily

11 - 1165 KINGSTON ROAD, Toronto (Birchcliffe-Cliffside)

11 - 1165 KINGSTON ROAD, Toronto (Birchcliffe-Cliffside), ON M1N1P2

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA8 — Medium Rise

$ / SF

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Occupancy

87%

About this property

Welcome to this spacious 1-bedroom plus den, 1-bathroom suite offering an abundance of comfortable living space in a fantastic east-end location. This bright and functional unit features generous principal rooms, a versatile den ideal for a home office or guest space (currently set up as a second bedroom), a well-sized bedroom, and plenty of room to live, work, and entertain. Set near Kingston Road and Fallingbrook, where The Beaches meets the quiet charm of Fallingbrook, you are just minutes to Queen Street East, the beach, the Boardwalk, parks, shops, cafes, restaurants, and convenient TTC access along Kingston Road. A rare opportunity to lease a large, well-laid-out suite in one of Toronto's most desirable east-end neighbourhoods. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

61,757

Households

26,582

Median income

$64,000

Median age

35.8

Daytime population

67,454

5-yr growth

3.6%

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

Secure deal room

Confidential diligence documents for 11 - 1165 KINGSTON ROAD, Toronto (Birchcliffe-Cliffside).

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.