3635 Dundas St
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3635 Dundas St
10,500 SF 100% Leased Retail Building Toronto, ON M6S 2T2 £2,244,027 (£214/SF) 7.48% Net Initial Yield
Investment Highlights
- Large Corner Lot
- Recently Renovated Units
- Quick Access to Downtown Core and Highway
Executive Summary
7.48% CAP RATE! A remarkable 15-unit Corner Building, located in the best High Park – Junction Neighborhood in Toronto. 11,221 Square Foot building consists of 13 recently renovated residential units and 2 commercial units. Net Income has been increased substantially in the last couple of months with legacy tenant turnover. True Net Income is $299,359 including 5% management fee and proper repairs and maintenance expenses. The residential units are very spacious with perfect layouts, and all have their own Separate Laundry and HVAC. All the units are Separately Metered for Hydro and Gas. All Mechanicals, Electrical, Plumbing and HVAC have been Upgraded. This is the time to buy! Be the savvy investor who bought at such a High Cap Rate as interest rates continue to go down!
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Year Built
1980
Price
£2,244,027
Price Per SF
£214
Net Initial Yield
7.48%
NOI
£167,853
Percent Leased
100%
Number of Floors
2
Parking
7 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
56 ft on Dundas St
Walk Score ®
Very Walkable (88)
Nearby Major Retailers
1 of 2
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3635 Dundas St
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