257 Torrens Ave , Toronto

Bed / Bath / $7,000,000 / MLS® Listing #:E5640037

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4.00% Cap Rate With Assumable First Mortgage Of $5.29 Million (5-Year Fixed Rate 2.30%, 40-Year Amortization). Gross Income Of $364K And Noi Of $265K. Recently Renovated 17-Unit Apartment Building With The Ability To Add Two New Bachelor Units. 11X1-Bed Units And 6X2-Bed Units. 14/17 Units Renovated To Condo Standards And Pay Their Own Hydro. **** Extras **** Brand New Stainless Appliances, In-Suite Laundry, And Air Conditioning. Roof And Windows Replaced In 2020. Common Areas Fully Renovated. Stainless Steel Kitchen Apps, 17 Fridges, Stoves, Dishwashers, And Microwaves.**** Extras *****Full Legal Description: Pcl 235-2 Sec M40; Lt 236 Pl M40 East York; Pt Lt 235 Pl M40 East York Being The Ely 20 Ft; Toronto , City Of Toronto

*Full Legal Description: Pcl 235-2 Sec M40; Lt 236 Pl M40 East York; Pt Lt 235 Pl M40 East York Being The Ely 20 Ft; Toronto , City Of Toronto

Property Details

Property Type Investment
Property Style N/A
Square Feet
Property Tax $24,896
Maintenance N/A
Days On Our Website 36
Basement
Kitchens
Garages
Lot Dimensions 80.10 x 150.06
Pool N/A
Area Toronto
Fireplaces N/A
Air Conditioning Y
Heating - Gas Forced Air Open
Exterior
Garage Type Outside/Surface
Sewers San+Storm
Water Municipal

Room Information

Floor Room Dimensions Description

Bathroom Information

Floor Description

Listing Office: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP, BROKERAGE

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