46 Montye Ave - Apartments FOR SALE


Toronto, ON M6S 2E2
$6,395,000 CAD
647-272-3814
46 Montye Ave, Toronto, ON for Sale
$6,395,000 CAD
Apartments - FOR SALE
1/2
null | 4.03% Cap Rate

46 Montye Ave
Toronto, ON M6S 2E2


HIGHLIGHTS

  • Ample parking
  • Access to public transit and highway
  • Retail amenities nearby
  • High exposure location
  • Heavy commercialized area

OVERVIEW

46 Montye Avenue is a 13-unit, turnkey investment opportunity with attractive assumable CMHC financing. 9 of the 13 units have been fully renovated with condo quality finishes. The property NOI is approximately $258,000, and the 1st position assumable CMHC loan is $4,250,123 at 4.10% interest with a 50 year amortization, maturing in December, 2034. This opportunity offers predictable and steady cash flows, with further additional rental upside yet to be achieved through the 4 units that haven't been turned over. The building is immaculately maintained with little to no near term capital expenditure to worry about.

FOR SALE DETAILS

PRICE

$6,395,000 CAD

PRICE/SF

$681 CAD /SF

# OF UNITS

13

PRICE/UNIT

$491,923

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1953

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

RM

APN/PARCEL ID

191408206006400

ASK ABOUT THIS PROPERTY

Geoff RobertsCushman & WakefieldMore Info
647-272-3814

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Geoff RobertsCushman & WakefieldMore Info
647-272-3814

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