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90 Blackfriar Ave

12 Unit Apartment Building $2,129,551 USD ($177,463 USD/Unit) 4.20% Cap Rate Toronto, ON M9R 3S9

Investment Highlights

  • Access to public transit
  • Built on a cul-de-sac
  • Potential upside on the current rent roll

Executive Summary

12 unit concrete block building. Approx.. 4.2% Cap rate including estimates for Super, R&M, Prop Mang & Vacancy. $249k/door. Massive units. 8 x 2 Bed & 4 x 3 Bed. Roof 2020. Windows 2008. Hydro Paid by owner. 25 parking spots. Built 1967. Cash flow from day one. Avg. Rent $1,523. Large upside on current rent roll. Close to amenities and located on a quiet cul-de-sac.

Property Facts

Price $2,129,551 USD
Price Per Unit $177,463 USD
Sale Type Investment
Cap Rate 4.20%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.41 AC
Building Size 15,513 SF
No. Stories 3
Year Built 1967
Parking Ratio 1.29/1,000 SF

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • Controlled Access
  • Tenant Controlled HVAC
  • Recycling
  • Smoke Free
  • Smoke Detector

zoning

Zoning Code RM
RM
  • Listing ID: 33671297

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 90 Blackfriar Ave, Toronto, ON M9R 3S9

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