Message Number406857
statusExpired
Subject LineToronto. Income property. $4,900,000. 5,948 SF. 14 Contiguous Rental Suites In Condo Building Sold As One Parcel. $141,000 NOI. Assumable $2.87M 1st Mtg - 2.14%
Business area
Canada
Ontario
Greater Toronto area
Toronto
Have/WantHave
Business categoryApartment buildings/multi unit/condo townhouse projects/investments
Net Leased Investment
Date of ListingMay 15 2022
Type DescriptionIncome property
Location2315 Danforth Ave
Price$4,900,000.00
Building area5948
Building Area Comment14 Contiguous Rental Suites
Gross Income$209.524
Expenses$68,584
Net Income$140,940
Loans$2,870,000 1st at 2.14%, 40-year amotization
Comments14 Contiguous Rental Suites In Condo Building Sold As One Parcel, 10 1-Br + 4 Bachelor, Amounting To A Gross Leasable Area Of 5,948 Square Feet. Full Kitchens And Central Air Conditioning. Part Of Recently Completed Canvas Condos, An 8 Storey Mixed-Use Building With 170 Residential Units. Rental Suites Enjoy All The Amenities Of The Building. Short Walk To Public Transportation With Both The Woodbine & Main Street Subway Stations Situated Nearby.
Extras:14 S / S Appliance Sets: Fridge, Stove, Dishwasher, Microwave. 14 In-Suite Stacked Washer Dryers. Access To Bicycle Parking Spaces, Fitness Centre, Party Lounge, Dining Room, Pet Wash Station, Rooftop Terrace. 2 Parking Spaces And 14 Lockers
Assumable $2.87 Million 1st Mortgage At 2.14%, 40-Year Amort, Maturing March 1, 2031.
Internet Links
Member Identifier312
Client DetailsBuilder/Developer
User/Manager
Clients ObjectiveTaking profit
Recognize Value
ControlMLS
NameItamar Teich, B.Eng.,MBA
TitleSales Representative
Company NameSutton Group-Admiral Realty Inc., Brokerage
Address Line One1206 Centre Street
CityThornhill
State/ProvinceOntario
Zip/Postal CodeL4J 3M9
CountryCanada
Business Phone Number(416)739-7200
Cell Number(416)823-8735
FAX Number(416)739-9367
Email AddressSend Email
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