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11 Dennis Av

3 Unit Apartment Building $1,101,690 USD ($367,230 USD/Unit) Toronto, ON M6N 2T7

Investment Highlights

  • Freshly Renovated Unit
  • Potential for garden suite development
  • Close to public transportations
  • Abundance of natural light

Executive Summary

Don't Miss Out On This Amazing Chance To Acquire A Fully Renovated, Legally Zoned Triplex In A Rapidly Gentrifying Locale, Just A Stone's Throw Away From The New Mount Dennis Go Station. Revel In The Abundance Of Natural Light That Permeates Each Of The Three Immaculate Two-Bedroom Units, Complete With Their Own En-Suite Washer/Dryer. Additionally, Take Advantage Of The Capacious Backyard And Garage, Which Could Potentially Accommodate A Garden Suite To Further Enhance The Property's Density. Investment Ratios Going In Cap Rate: 4.3% Leveraged Cap Rate Based On 40% Down, At 5.25%: Avg 4.71% Leveraged Cap Rate Including 5% Appreciation Per Annum: 20.33% Positive Cash Flow After Debt: Achieved In Year 2

Property Facts

Price $1,101,690 USD
Price Per Unit $367,230 USD
Sale Type Investment
No. Units 3
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Size 3,000 SF
No. Stories 2
Year Built 1955

Unit Amenities

  • Washer/Dryer
  • Kitchen
  • Stainless Steel Appliances
  • Vinyl Flooring

Site Amenities

  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $1,639 USD 1,000
Walk Score ®
Very Walkable (81)
Transit Score ®
Excellent Transit (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code RM (Residential Multiple)
RM (Residential Multiple)
  • Listing ID: 33677477

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 11 Dennis Av, Toronto, ON M6N 2T7

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