Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 82.7% 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 (1ensuite) 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 June 2025 completion. Builder Warranty Included. (id:61852)
MLS® Number | W12058369 |
Property Type | Multi-family |
Neigbourhood | Weston |
Community Name | Weston |
AmenitiesNearBy | Public Transit, Schools, Park, Place Of Worship |
CommunityFeatures | Community Centre |
EquipmentType | Water Heater |
Features | Flat Site, Sump Pump |
ParkingSpaceTotal | 6 |
RentalEquipmentType | Water Heater |
ViewType | City View |
BathroomTotal | 12 |
BedroomsAboveGround | 8 |
BedroomsBelowGround | 4 |
BedroomsTotal | 12 |
Age | New Building |
Amenities | Separate Electricity Meters, Separate Heating Controls |
Appliances | Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
BasementDevelopment | Finished |
BasementFeatures | Separate Entrance, Walk Out |
BasementType | N/a (finished) |
CoolingType | Central Air Conditioning |
ExteriorFinish | Stucco |
FireProtection | Smoke Detectors |
FoundationType | Poured Concrete |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
StoriesTotal | 2 |
SizeInterior | 1500 - 2000 Sqft |
Type | Other |
UtilityWater | Municipal Water |
No Garage |
Acreage | No |
LandAmenities | Public Transit, Schools, Park, Place Of Worship |
LandscapeFeatures | Landscaped |
Sewer | Sanitary Sewer |
SizeDepth | 98 Ft ,10 In |
SizeFrontage | 80 Ft ,3 In |
SizeIrregular | 80.3 X 98.9 Ft |
SizeTotalText | 80.3 X 98.9 Ft |
ZoningDescription | Rm (x475) |
https://www.realtor.ca/real-estate/28112580/1925-lawrence-avenue-w-toronto-weston-weston
Contact us for more information
Kevin Sharpe
Broker