302 Spadina Ave

Buy a 32 unit apartment building in downtown Toronto for only $2.2M equity cheque! Amazing assumable CMHC financing: approximately $9M of 1st mortgage assumable financing fixed at 4% interest for the next ~9.5 years. Clean Terraprobe Phase 1 ESA dated April 12, 2023.

Client Remarks26 UNIT MULTI-RESIDENTIAL BUILDING FOR SALE IN THE BAYVIEW / LEASIDE NEIGHBOURHOOD. Located just one block South of the new Metro Linx Bayview / Eglinton stop. Fully leased with a waiting list. Great upside potential and redevelopment opportunity. VTB Financing Available. Well managed and maintained property

*Power of Sale* This Mixed-Use Property Includes 23 Apartment Units (18-Bachelor, 4-1 Bedroom & 1-2 Bedroom), 6 Retail/Commercial Units and 1 Detached House (95 York Downs Dr.) Property Sits on 26,000 Sq Ft Of Land With Potential To Re-Develop In The Future. Two Apartment Units and Two Retail Units Currently Vacant. Tenants Pay Their Own Hydro.

The property comprise 4 furnished rental apartment suites and one laneway house also furnished. In total there are 4 two bedrooms and 1 four bedroom units. All units are self contained and built and furnished to high end luxury standards. In total there is over 5,000 sf of rentable space. There is very little common area. The entire project is low maintenance with in ground snow melting and solar panels. All suites have full kitchens and in total there are 10 bathrooms. This is a turnkey investment property with a property management agreement in place paying $25,000 per month. This is a headache free investment with a brand new building and no cap ex for another 20 years. The lease can be terminated and this could make a wonder full family compound. This housing is the future for the city.