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46 Montye Ave

13 Unit Block of Flats £3,587,639 (£275,972/Unit) 4.03% Net Initial Yield Toronto, ON M6S 2E2

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Investment Highlights

Ample parking
Retail amenities nearby
Heavy commercialized area

Access to public transit and highway
High exposure location

Executive Summary

46 Montye Avenue is a 13-unit, turnkey investment opportunity with attractive assumable CMHC financing. 9 of the 13 units have been fully renovated with condo quality finishes. The property NOI is approximately $258,000, and the 1st position assumable CMHC loan is $4,250,123 at 4.10% interest with a 50 year amortization, maturing in December, 2034. This opportunity offers predictable and steady cash flows, with further additional rental upside yet to be achieved through the 4 units that haven't been turned over. The building is immaculately maintained with little to no near term capital expenditure to worry about.

Property Facts

Price	£3,587,639	Apartment Style	Low Rise
Price Per Unit	£275,972	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Net Initial Yield	4.03%	Building Size	9,393 SF
No. Units	13	Number of Floors	3
Property Type	Residential	Year Built	1953
Property Subtype	Apartment	Parking Ratio	0.53/1,000 SF

Price	£3,587,639
Price Per Unit	£275,972
Sale Type	Investment
Net Initial Yield	4.03%
No. Units	13
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.14 AC
Building Size	9,393 SF
Number of Floors	3
Year Built	1953
Parking Ratio	0.53/1,000 SF

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Walk Score ®

Very Walkable (89)

Transit Score ®

Excellent Transit (75)

Bike Score ®

Very Bikeable (83)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

zoning

Zoning Code	RM
RM

Listing ID: 33362109
Date on Market: 01/10/2024
Last Updated:
Address: 46 Montye Ave, Toronto, ON M6S 2E2

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