1161 O'connor Drive,Toronto E03, ON M4B 2T5
Toronto E03, ON M4B 2T5
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.
Details
| MLS # | E12181045 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 21 |
| Listing Provided By | COMFREE | E12181045 577300 |
Features
| SQ Feet | 6,534 |
|---|---|
| Acreage | 0.15 |
Interior
| Cooling | Yes |
|---|
Taxes
| Property | 20100 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto E03 |
| Postal Code | M4B 2T5 |
| Area | O'Connor Parkview |
| Listing VS Median (in M4B 2T5) | |
Price: $5,000,000 low | high Med: $4,250,000 SqFt: 6,534 low | high Med: 7,613 $ / SqFt: $765 low | high Med: $584 On site: 21 low | high Med: 49.500000 | |
