Located in the heart of St.


Property

Website:https://www.nestseekers.com/5615222
Address:
Toronto C02 M6C 1B7
Canada
Ownership: For Sale
Type: Unknown

Financials

Price:C8,499,000
($5,990,100)
(€5,243,400)
Annual Taxes:C40,697

Description

Located in the heart of St. Clair West, this is an exceptional opportunity for investors to buy a substantially renovated apartment building featuring 20 residential units and 2 ground floor commercial units. Over $2.7M in capital expenditures have been completed recently with new building mechanicals offering large reductions in utility expenses. A third floor addition with 4 units was completed in 2021with 10' ceilings and air conditioning. 95% of units have been renovated. Ground floor commercial tenants are on triple net leases with annual escalations providing easy management and additional income. The property is in close proximity to the St. Clair West TTC Station offering exceptional connectivity and tenant appeal.

Contact

Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario