Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 82.7% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year (4% cap rate). The property features eight separately self-contained units, all with private entrances, separate utilities, and in-unit laundry. Top-floor units consist of 2 bedrooms plus den, 2 bathrooms (1 ensuite) and walk-out balconies. Main-floor units offer 2 bedrooms, 2 bathrooms (1 ensuite) with large storage room and rear balcony. Lower floors consist of two 1-bedroom, 1-bathroom units. Rear lower units include private patios. All units feature custom kitchens, stainless steel appliances, high-efficiency HVAC systems and open-concept designs. Located a short distance from downtown Toronto, the property provides quick access to the Highway 400 series, restaurants, shopping and just a short walk to the Weston GO Station. Estimated financials available upon request. Anticipated June 2025 completion. Builder Warranty Included.
MLS# | W12058628 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Price Change |
Days On Site | 23 |
Listing Provided By | SOTHEBY`S INTERNATIONAL REALTY CANADA | W12058628 118900 |
SQ Feet | 3,927 |
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Acreage | 0.09 |
Province | ON |
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County | Toronto |
City | Toronto W04 |
Postal Code | M9N 1G8 |
Area | Weston |
Listing VS Median (in M9N 1G8) | |
Price: $4,999,900 low | high Med: $4,999,900 SqFt: 3,927 low | high Med: 3,927 $ / SqFt: $1,273 low | high Med: $1,273 On site: 23 low | high Med: 23.000000 |