| Message Number | 402927 | ||||||||
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| status | Active | ||||||||
| Subject Line | Toronto. 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% | ||||||||
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| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments Net Leased Investment |
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| Date of Listing | November 21 2021 | ||||||||
| Type Description | Income property | ||||||||
| Location | 2315 Danforth Ave | ||||||||
| Price | $4,900,000.00 | ||||||||
| Building area | 5948 | ||||||||
| Building Area Comment | 14 Contiguous Rental Suites | ||||||||
| Gross Income | 209524 | ||||||||
| Expenses | 68584 | ||||||||
| Net Income | 140940 | ||||||||
| Loans | 2870000 | ||||||||
| Comments | 14 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. |
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| Member Identifier | 312 | ||||||||
| Client Details | Builder/Developer User/Manager |
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| Clients Objective | Taking profit Recognize Value |
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| Control | MLS | ||||||||
| Name | Itamar Teich, B.Eng.,MBA | ||||||||
| Title | Sales Representative | ||||||||
| Company Name | Sutton Group-Admiral Realty Inc., Brokerage | ||||||||
| Address Line One | 1206 Centre Street | ||||||||
| City | Thornhill | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L4J 3M9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (416)739-7200 | ||||||||
| Cell Number | (416)823-8735 | ||||||||
| FAX Number | (416)739-9367 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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Mailing Address: 131 Bloor St. W., Suite 200, Toronto, Ontario M5S 1R8
Canada 416-777-2633. USA 954-317-2327