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Sunday, December 22nd, 2024

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$3,195,000
Available - For Sale
Listing ID: W10422788
2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.
Extras:   Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos.
Price $3,195,000
Taxes: $6,903
Tax Type: Annual
Occupancy by: Tenant
Address: 28A Third St , Toronto, M8V 2X6, Ontario
Postal Code: M8V 2X6
Province/State: Ontario
Legal Description: PT LT 73, PL 1478 , PART 1 AND 2 , 64R90
Lot Size: 50 x 57 (Feet)
Directions/Cross Streets: Islington Ave. and Lake Shore Blvd. W.
Zoning: Residential Mult
Category: Apartment
Use: Apts-6 To 12 Units
Building Percentage: Y
Total Area: 3,648
Total Area Code:  Sq Ft
Financial Statement: Y
Taxes Expense: $6903
Insurance Expense: $5365
 Heat Expenses: $4674
 Hydro Expense:  $867
Water Expense: $3930
Gross Income/Sales: $154968
Net Income Before Debt: $133229
Year Expenses: 2024
Expenses Actual/Estimated: $Est
Heat Type: Water Radiators
Central Air Conditioning: Y
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
BRAD J. LAMB REALTY 2016 INC.

28A Third St , Toronto, M8V 2X6, Ontario

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: New Toronto
Style:
Lot Size: 50.00 x 57.00(Feet)
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Tax: $6,903
Maintenance Fee: $0
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com