For Sale · Multifamily

B - 47 SPRINGMOUNT AVENUE, Toronto (Corso Italia-Davenport)

B - 47 SPRINGMOUNT AVENUE, Toronto (Corso Italia-Davenport), ON M6H2Y5

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

88%

About this property

Renovated main-floor 2-bedroom in a triplex with separate entrance, parking, and ensuite laundry. Approximately 1,000 square feet, open-concept living/dining with hardwood floors, and pot lights throughout. Quartz countertops in the kitchen with stainless steel appliances. Situated on a quiet, tree-lined street, close to the shopping and restaurants on St Clair West and Geary Street. Close to public transit. Shared use of the front and back yards. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$74K

Annual cash flow

$-10K

Cash-on-cash

-2.11%

DSCR

0.89

Going-in cap

4.91%

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

67,218

Households

24,198

Median income

$68,000

Median age

40.2

Daytime population

83,668

5-yr growth

4.5%

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

Secure deal room

Confidential diligence documents for B - 47 SPRINGMOUNT 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.