$5,225,000
Available - For Sale
Listing ID: W11944586
1925 Lawrence Ave West , Toronto, M9N 1G8, Ontario
| Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately self-contained units, all with private entrances, separate utilities, and in-unit laundry. Top-floor units consist of 2 bedrooms plus den, 2 bathrooms (1 ensuite) and walk-out balconies. Main-floor units offer 2 bedrooms, 2 bathrooms (1 ensuite) with large storage room and rear balcony. Lower floors consist of two 1-bedroom, 1-bathroom units. Rear lower units include private patios. All units feature custom kitchens, stainless steel appliances, high-efficiency HVAC systems and open-concept designs. Located a short distance from downtown Toronto, the property provides quick access to the Highway 400 series, restaurants, shopping and just a short walk to the Weston GO Station. Estimated financials available upon request. Anticipated March 2025 completion. |
| Extras: Builder Warranty Included. Exterior Picture is rendering. Interior photos are of similar property. |
| Price | $5,225,000 |
| Taxes: | $0.00 |
| Tax Type: | Annual |
| Occupancy by: | Vacant |
| Address: | 1925 Lawrence Ave West , Toronto, M9N 1G8, Ontario |
| Postal Code: | M9N 1G8 |
| Province/State: | Ontario |
| Legal Description: | TBD |
| Lot Size: | 80.25 x 98.91 (Feet) |
| Directions/Cross Streets: | Lawrence Avenue West & Jane Street |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 7937.53 |
| Total Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | New |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Taxes Expense: | $18000 |
| Insurance Expense: | $5000 |
| Management Expense: | 16158 |
| Water Expense: | $3600 |
| Gross Income/Sales: | $259200 |
| Operating Expenses: | $54294 |
| Net Income Before Debt: | $204906 |
| Year Expenses: | 2025 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | N |
| Washrooms: | 12 |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | Envirn Audit |
| Clear Height Feet: | 9 |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SOTHEBY`S INTERNATIONAL REALTY CANADA |
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|
Nick Sabouri
Sales Representative
Dir:
416-735-0345
Bus:
416-494-7653
Fax:
416-494-0016
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Weston |
| Lot Size: | 80.25 x 98.91(Feet) |
| Approximate Age: | New |
| Maintenance Fee: | $11,536 |
| Baths: | 12 |
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