| Message Number | 412782 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| status | Active | ||||||||
| Subject Line | For Sale, 147-Unit Apartment Building In Scarborough | ||||||||
| Business area |
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| Location, City | Scarborough | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | February 3 2023 | ||||||||
| Price | $47,000,000.00 | ||||||||
| Comments | 147 Unit Apartment Building on 2 Acres
85% two and three bedroom units Tremendous rental upside - 83% gap to market rents Established rental node with future surrounding developments 5-minute walk to TTC Subway Station This is an exceptional opportunity to acquire a value-add apartment building ideal for large families in a rapidly developing neighbourhood. Sale Highlights Approximately 83% upside on in-place rents Opportunity to reduce building?s operating costs Located in a growing neighbourhood Convenient access to highways, TTC, and GO Transit Steps to shopping, schools, and religious institutions The subject property is ideally located between the two neighbourhoods leading Toronto?s growth, The Golden Mile District and Scarborough City Centre. Both neighbourhoods will be transformed into complete mixed-use communities, providing tenants with a diverse array of amenities, shopping centres, and restaurants within a 10 minute drive. The property has superb accessibility with multiple bus routes at its front door and is a short walk from the Lawrence East TTC station. |
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| Internet Links | https://www.frankrealtor.ca/Toronto/Ontario/Homes/MidlandScarborough_Bluffs_Park/Agent/Listing/541237924?showPrevNextButtons=true | ||||||||
| Member Identifier | 11575 | ||||||||
| Name | Frank Wang | ||||||||
| Title | Sales Representative | ||||||||
| Company Name | Homelife Landmark Realty Inc. Brokerage | ||||||||
| Address Line One | 7240 Woodbine Ave, Suite 103, | ||||||||
| City | Markham | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L3R 1A4 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (905)305-1600 | ||||||||
| Cell Number | 4168908616 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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