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$ 5,000,000
Est. payment /mo
Active
1161 O'connor DR Toronto E03, ON M4B 2T5
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision O'Connor-Parkview
MLS Listing ID E12181045
Annual Tax Amount $20,100
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
State ON
County Toronto
Community O'Connor-Parkview
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 16.31
Lot Depth 38.1
Others
Security Features Yes
Virtual Tour https://www.youtube.com/watch?v=Q8oIKYNH3nk
Listed by COMFREE