$3,195,000
Available - For Sale
Listing ID: W10422788
28A Third St , Toronto, M8V 2X6, Ontario
| 2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates. |
| Extras: Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos. |
| Price | $3,195,000 |
| Taxes: | $6903.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 28A Third St , Toronto, M8V 2X6, Ontario |
| Postal Code: | M8V 2X6 |
| Province/State: | Ontario |
| Legal Description: | PT LT 73, PL 1478 , PART 1 AND 2 , 64R90 |
| Lot Size: | 50.00 x 57.00 (Feet) |
| Directions/Cross Streets: | Islington Ave. and Lake Shore Blvd. W. |
| Category: | Apartment |
| Use: | Apts-6 To 12 Units |
| Building Percentage: | Y |
| Total Area: | 3648.00 |
| Total Area Code: | Sq Ft |
| Financial Statement: | Y |
| Taxes Expense: | $6903 |
| Insurance Expense: | $5365 |
| Heat Expenses: | $4674 |
| Hydro Expense: | $867 |
| Water Expense: | $3930 |
| Gross Income/Sales: | $154968 |
| Net Income Before Debt: | $133229 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| BRAD J. LAMB REALTY 2016 INC. |
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|
Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | New Toronto |
| Lot Size: | 50.00 x 57.00(Feet) |
| Tax: | $6,903 |
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