| Message Number | 414660 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | HAVE - Detached 3 Storey 4 Unit Historical Building on main thoroughfare One of a kind! 4.41% Cap Rate | ||||||||
| Business area |
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| Location, City | Moss Park | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | April 18 2023 | ||||||||
| Type Description | Commercial/Residential Mixed Uses allowed | ||||||||
| Location | Moss Park | ||||||||
| Price | $3,800,000.00 | ||||||||
| Building area | 4300 | ||||||||
| Building Area Comment | Average unit 1075 sq ft | ||||||||
| Zoning | Com/Res mixed use | ||||||||
| Gross Income | 196800 | ||||||||
| Expenses | 31164 | ||||||||
| Net Income | 163667 | ||||||||
| Cap Rate | 4.41 | ||||||||
| Yield | 5% | ||||||||
| Comments | One of a kind property perfect for someone looking to work and live in the same place. 3 car parking spaces... large 700 sq ft roof top terrace with 2 bed 2 bath unit. two 1 bed, 1 bath unit and 2nd floor is a 1600 sq ft 2 bed, 2 bath unit. Great architecture and lots of money invested in making the building unique. hard loft style space that is getting $5000 to $6400 per month in rent per floor.
Off Market listing will be going to market in a month |
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| Internet Links | |||||||||
| Member Identifier | 9242 | ||||||||
| Client Details | Active Investor | ||||||||
| Client Situation | New Opportunity | ||||||||
| Clients Objective | Opportunity | ||||||||
| Motivation Rating | All Cash at Retail | ||||||||
| Client Will | -- NONE -- | ||||||||
| Client Wants | Multi-Family Home(s) |
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| Explain Client's Motivation | Looking to reinvest equity into their business | ||||||||
| Broker's Recommendation | Sell Sell Sell | ||||||||
| Time Factors, Drop Dead Dates | Sooner the better | ||||||||
| Control | Exclusive | ||||||||
| Name | Addy Saeed | ||||||||
| Title | Real Estate Broker | ||||||||
| Company Name | Re/Max Gold Realty Inc., Brokerage | ||||||||
| Address Line One | 175 Traders Blvd East | ||||||||
| City | Mississauga | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4Z3S8 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (877)439-2339 | ||||||||
| Cell Number | 647-689-5841 | ||||||||
| Home Number | 1-877-439-2339 | ||||||||
| FAX Number | 1-888-937-9944 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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