Apartment building, Toronto, Canada

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Apartment building, Toronto, Canada

2,600,000 $
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Total area: 560 m² Yield: 3.8%
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Features
  • Operating Incomе: 80,000 €
  • Land area: 330 m²
  • 3-floor building
  • Occupancy: 100%
  • Number of parking lots: 6
  • End of lease: 2021

Apartment building with commercial units on the ground floor.

Description

The property includes 2 commercial premises on the ground floor and two 3-bedroom apartments on the first and second floors.

The apartments are fully renovated.

There is parking for 6 cars in the territory of the house.

All premises are rented.

Financial performance

The cost of the property is $ 2,600,000.

Absolute annual income is $ 100,000.

The current yield of 3.8%. 

Tenants

Tenants of commercial units are a restaurant and a bar.

Lease agreements are valid until 2021.

Location and nearby objects

The property is located to the south from the city center. The public transport stops, a library, a supermarket, a bank, shops and restaurants a situated in a walking distance from the property. The city center can be reached in a 20-minute drive.

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