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1161 O'connor Drive Toronto, Ontario M4B 2T5

Fully Air Conditioned Radiant Heat

$5,000,000

Turnkey 12-Unit Multifamily Investment Opportunity. This fully renovated 12-unit building presents a rare opportunity to acquire a stabilized, cash-flowing asset with significant capital improvements and a highly attractive assumable CMHC mortgage. Renovated from the studs up in 2020 with nearly $1M in upgrades, all units feature modern interiors, updated finishes, and functional layouts. The unit mix includes five spacious 2-bedroom + den suites and seven well-designed 1-bedroom units, appealing to a broad tenant base. Highlights Include: Full interior gut-renovation (2020) all 12 units + common space. Two new Coinmatic washers and dryers (owned, not leased)Newer windows and roof (approx. 10 years old)Foundation professionally re-sealed from exterior (under 10 years ago). Mortgage Assumption: CMHC-insured mortgage must be assumed 2.76% interest rate. Current term matures Dec 1, 2031. This is a solid, long-hold asset offering stable returns, low financing costs, and minimal capital expenditure required for years to come. Perfect for investors seeking reliable cash flow and long-term appreciation in a professionally upgraded multifamily asset. (id:6673)

Business

BusinessType Residential
BusinessSubType Apartments

Property Details

MLS® Number E12181045
Property Type Multi-family
Community Name O'Connor-Parkview
ParkingSpaceTotal 8

Building

CoolingType Fully Air Conditioned
HeatingType Radiant Heat
Type Multi-family
UtilityWater Municipal Water

Land

Acreage No
Sewer Storm Sewer
SizeDepth 38.1 M
SizeFrontage 16.31 M
SizeIrregular 0.15
SizeTotal 0.15 Ac
SizeTotalText 0.15 Ac
ZoningDescription Cr2.5(c2.5;r1)*1163)

https://www.realtor.ca/real-estate/28383450/1161-oconnor-drive-toronto-oconnor-parkview-oconnor-parkview

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Erin Holowach
Salesperson


Comfree
151 Yonge Street Unit 1500
Toronto, Ontario M5C 2W7