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$1,998,000
Available - For Sale
Listing ID: W12032561
Discover a lucrative investment opportunity with this 9-unit multi-residential building, ideally situated in the heart of Swansea. This property features five spacious two-bedroom units and four cozy one-bedroom units, providing a diverse range of rental options to attract a variety of tenants.**Key Features** Prime Location:Nestled in a highly sought-after neighborhood, this building benefits from proximity to local amenities, schools, parks, and public transportation, making it an attractive choice for renters. Unit Mix: The property boasts a well-balanced mix of five two-bedroom units and four one-bedroom units, catering to families, professionals, and individuals alike. Parking: Enjoy the convenience of over five dedicated parking spaces located behind the building, a rare find in this bustling area. Strong Rental Demand: Desirable location ensures consistent demand for rental properties, providing an excellent opportunity for steady cash flow.Take advantage of this exceptional opportunity to invest in a multi-residential building in a thriving community. The estate makes no representations or warranties and the building is being sold in "as is, where is" condition. 6 out of 9 units currently rented (on a month-to-month basis), gross rental income is $6,225/month with a potential for a total of $12,500/month + (The projected rental income presented is based on current rental rates in the immediate area. However, the seller and the listing brokerage make no representations or warranties regarding these figures. It is the responsibility of their buyer and their representative to conduct thorough due diligence to verify the rental potential at these amounts ) and the building currently carries no debts. Operating expenses include property manager, bi-weekly cleaning, common area expenses, lawn care or snow removal and taxes.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $37,495 $74,990 $112,485 $149,980
First Mortgage $712,405 $674,910 $637,415 $599,920
CMHC/GE $19,591.14 $13,498.2 $11,154.76 $0
Total Financing $731,996.14 $688,408.2 $648,569.76 $599,920
Monthly P&I $3,135.08 $2,948.4 $2,777.77 $2,569.41
Expenses $0 $0 $0 $0
Total Payment $3,135.08 $2,948.4 $2,777.77 $2,569.41
Income Required $117,565.6 $110,564.96 $104,166.53 $96,352.91

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.
CENTURY 21 FIRST CANADIAN CORP

25 Windermere Aven , Toronto, M6S 3J3, Toronto

Personal Picture
MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto W01
Neighbourhood: High Park-Swansea
Style: 2-Storey
Lot Size: x 100.00(Feet)
Approximate Age:
Tax: $17,530.17
Maintenance Fee: $0
Beds: 9+5
Baths: 9
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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