2818 Bayview Ave - Apartments FOR SALE


Toronto, ON M2K 1E4
$18,900,000 CAD
416-359-2492
2818 Bayview Ave, Toronto, ON for Sale
$18,900,000 CAD
Apartments - FOR SALE
1/3
null | Request Cap Rate

2818 Bayview Ave
Toronto, ON M2K 1E4


HIGHLIGHTS

  • Retail amenities nearby
  • Heavy commercialized area
  • Access to public transit and highway

OVERVIEW

Multi-family apartment investment property at Bayview and Sheppard being sold under Power of Sale. The existing building is 3-storeys with 20 units that are mostly vacant. Building size is aprx. 19,500 square foot with ample surface parking. The building has 10 one-bedroom and 10 two-bedroom units, each containing a private balcony. The land size is 23,958 sf / 0.55 acres. The Property is within 150m of both the Bayview TTC Subway Station and the Highway 401 on-ramp. The property can be positioned as an income producing property with redevelopment upside. The proposed redevelopment of Bayview Village, contemplating over six million square feet of gross floor area, and the proposed 43-storey residential project to the immediate north of the subject Site at 461 Sheppard Ave E, provides precedent for future rental growth and future intensification of the subject Property. Offers will be reviewed at any time and Buyers are asked to submit on the Vendor's standard form of APS.

FOR SALE DETAILS

PRICE

$18,900,000 CAD

PRICE/SF

$969 CAD /SF

# OF UNITS

20

PRICE/UNIT

$945,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,522 SF

ZONING

CR

APN/PARCEL ID

190809101002600

ASK ABOUT THIS PROPERTY

Jeff LeverCushman & WakefieldMore Info
416-359-2492

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Jeff LeverCushman & WakefieldMore Info
416-359-2492

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.