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101 Craydon Rd

12 Unit Apartment Building $1,638,693 USD ($136,558 USD/Unit) 5.30% Cap Rate Whitby, ON L1N 2B5

Investment Highlights

  • Outstanding investment opportunity in the Heart of Whitby nestled in between two rapidly developing neighborhoods!
  • conveniently situated near public transit, shopping & restaurants, this property represents a compelling prospect for strong and sustained returns.
  • Tremendous upside potential for rent escalation upon turnover.
  • Prime 12-plex in Whitby with significant rent upside, solid infrastructure, and ample parking

Executive Summary

Outstanding investment opportunity in the Heart of Whitby nestled in between two rapidly developing neighborhoods! This impressive 12-plex on a spacious 75' x 139' corner lot, offers a diverse suite mix including 5 two-bedroom, 6 one-bedroom, and 1 bachelor unit. With individual hydro metering, tenants cover their utility costs. All units have a Kitchen, Living Room, Dining Room And 4 Piece Bathroom Tremendous upside potential for rent escalation upon turnover, and conveniently situated near public transit, shopping & restaurants, this property represents a compelling prospect for strong and sustained returns.**** EXTRAS **** The property's infrastructure is solid, New Roof installed - 2010, high-efficiency Boiler system installed - 2015 and updated thermal windows, Clean Phase 1 Environmental Available - 2010, Ample onsite parking including 12 Parking Spaces.

Property Facts

Price $1,638,693 USD
Price Per Unit $136,558 USD
Sale Type Investment
Cap Rate 5.30%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 10,602 SF
No. Stories 3
Year Built 1956
Parking Ratio 1.13/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 1 - -

zoning

Zoning Code R4 (Residential)
R4 (Residential)
  • Listing ID: 31250168

  • Date on Market: 3/18/2024

  • Last Updated:

  • Address: 101 Craydon Rd, Whitby, ON L1N 2B5

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