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$5,000,000
Available - For Sale
Listing ID: E12181045
Turnkey 12-Unit Multifamily Investment Opportunity. This fully renovated 12-unit building presents a rare opportunity to acquire a stabilized, cash-flowing asset with significant capital improvements and a highly attractive assumable CMHC mortgage. Renovated from the studs up in 2020 with nearly $1M in upgrades, all units feature modern interiors, updated finishes, and functional layouts. The unit mix includes five spacious 2-bedroom + den suites and seven well-designed 1-bedroom units, appealing to a broad tenant base. Highlights Include: Full interior gut-renovation (2020) all 12 units + common space. Two new Coinmatic washers and dryers (owned, not leased)Newer windows and roof (approx. 10 years old)Foundation professionally re-sealed from exterior (under 10 years ago). Mortgage Assumption: CMHC-insured mortgage must be assumed 2.76% interest rate. Current term matures Dec 1, 2031. This is a solid, long-hold asset offering stable returns, low financing costs, and minimal capital expenditure required for years to come. Perfect for investors seeking reliable cash flow and long-term appreciation in a professionally upgraded multifamily asset.
Price $5,000,000
Taxes: $20,100.3
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 1161 O'connor Driv , Toronto, M4B 2T5, Toronto
Postal Code: M4B 2T5
Province/State: Toronto
Legal Description: LT 14 PL 3396 EAST YORK; PT LT 13 PL 339
Directions/Cross Streets: O'Connor Dr & Bermondsey Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: .15
Total Area Code:  Acres
Financial Statement: T
Chattels: T
Franchise: F
Maintenance: 0
Sprinklers: Yes
Heat Type: Radiant
Central Air Conditioning: Yes
Sewers: Storm
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Asking Price: $ Heating: $ /Year  
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1161 O'connor Driv , Toronto, M4B 2T5, Toronto

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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Type: Com - Investment
Area: Toronto
Municipality: Toronto E03
Neighbourhood: O'Connor-Parkview
Style:
Lot Size: x 38.10(Metres)
Approximate Age:
Tax: $20,100.3
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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