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1741 Bayview Ave 26 Unit Apartment Building $6,700,000 CAD ($257,692 CAD/Unit) Toronto, ON M4G 3C4
Investment Highlights
- This property is an excellent investment opportunity.
- Property is 100% occupied with a waiting list.
- Potential redevelopment opportunity.
- Public transit stop directly outside.
- VTB financing available.
- One block from new Metro Linx Bayview/Eglinton stop.
Executive Summary
Check out this fantastic opportunity! A 26-unit multi-residential building is up for sale in the desirable Bayview/Leaside neighborhood. Situated just a block away from the new MetroLinx Bayview/Eglinton stop, this property is fully leased with a waiting list in place. With great potential for growth and redevelopment, it's an investment worth considering. Plus, VTB financing is available for added convenience. This well-managed and maintained property features a 3-storey building with a raised basement, purpose-built in 1955, boasting a total of 26 units. The unit mix includes 22 Junior 1-Bedrooms and 4 1-Bedrooms, totaling 26 units in all. The site area spans 9,408 sq ft (0.22 ac), providing ample space for various possibilities.
Property Facts Under Contract
| Price | $6,700,000 CAD | Building Class | C |
| Price Per Unit | $257,692 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 16,731 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 0.23/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RM - Residential Multifamily | ||
| Price | $6,700,000 CAD |
| Price Per Unit | $257,692 CAD |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 16,731 SF |
| No. Stories | 3 |
| Year Built | 1955 |
| Parking Ratio | 0.23/1,000 SF |
| Zoning | RM - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Recycling
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 400 |
| 1+1 | 25 | - | 750 |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
70/100
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1741 Bayview Ave
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