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 (4% cap rate). 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 June 2025 completion. Builder Warranty Included. (id:61852)
BusinessType | Residential |
BusinessSubType | Apartments |
MLS® Number | W12058628 |
Property Type | Multi-family |
Neigbourhood | Weston |
Community Name | Weston |
AmenitiesNearBy | Highway, Public Transit |
Age | New Building |
Appliances | Dishwasher, Dryer, Hood Fan, Stove, Washer, Refrigerator |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeInterior | 3928 Sqft |
Type | Multi-family |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Highway, Public Transit |
Sewer | Sanitary Sewer |
SizeDepth | 98 Ft ,10 In |
SizeFrontage | 80 Ft ,3 In |
SizeIrregular | 80.25 X 98.91 Ft |
SizeTotalText | 80.25 X 98.91 Ft |
ZoningDescription | Rm (x475) |
https://www.realtor.ca/real-estate/28113232/1925-lawrence-avenue-w-toronto-weston-weston
Contact us for more information
Kevin Sharpe
Broker