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2480 Dundas St W 14 Unit Apartment Building $5,985,000 CAD ($427,500 CAD/Unit) 6.15% Cap Rate Toronto, ON M6P 1W9
Investment Highlights
- Walkable to Bloor GO Station, UP Express, Dundas West Subway, groceries, pharmacy, recreation center, parks, Lake Ontario, & to West Toronto Railpath.
- Recently updated with exposed brick, 12-foot ceilings, large new triple glazed windows, and wood flooring.
- Bright, modern loft studio in a prime location with abundant natural light throughout.
- Most units have a separate hydro meter and hot water tanks, and most include in-suite laundry.
- Unique property features 14 updated hard loft studios plus other income streams.
- Excellent upside potential and opportunities for future development or condo conversion.
Executive Summary
14 Live/Work Unit Investment Property in High Park North
Prime High Park North location. Offered at $5,985,000, 2480 Dundas Street West is a substantially renovated income-generating property featuring 14 unique live/work hard loft studios plus rooftop signage income. The property offers a 6.15% cap rate, gross income of $447,112.56, and net income of $368,120.
Renovated throughout with strong character, the building includes exposed brick, large wood beams, approximately 12-foot ceilings, triple-glazed windows, wood flooring, a high-efficiency furnace, separate hydro meters, and individual hot water tanks. Most units include en-suite laundry.
Ideally located near Bloor & Dundas, Union Pearson Express, Dundas West Subway Station, Bloor GO Station, Bloor West Village, The Junction, and High Park. Strong tenant profile, high-demand location, and easy-to-manage building.
All measurements are approximate. One of the directors is related to the registered real estate agent (R.R.E.A). Please include Schedule B and the required disclosure with all offers. A Clean Phase 1 Environmental Report is available.
Showings require a minimum of 48 hours' notice and will take place on scheduled dates. A list of units to be viewed will be provided at the showing, and the listing agent or a representative will be present for all showings.
Prime High Park North location. Offered at $5,985,000, 2480 Dundas Street West is a substantially renovated income-generating property featuring 14 unique live/work hard loft studios plus rooftop signage income. The property offers a 6.15% cap rate, gross income of $447,112.56, and net income of $368,120.
Renovated throughout with strong character, the building includes exposed brick, large wood beams, approximately 12-foot ceilings, triple-glazed windows, wood flooring, a high-efficiency furnace, separate hydro meters, and individual hot water tanks. Most units include en-suite laundry.
Ideally located near Bloor & Dundas, Union Pearson Express, Dundas West Subway Station, Bloor GO Station, Bloor West Village, The Junction, and High Park. Strong tenant profile, high-demand location, and easy-to-manage building.
All measurements are approximate. One of the directors is related to the registered real estate agent (R.R.E.A). Please include Schedule B and the required disclosure with all offers. A Clean Phase 1 Environmental Report is available.
Showings require a minimum of 48 hours' notice and will take place on scheduled dates. A list of units to be viewed will be provided at the showing, and the listing agent or a representative will be present for all showings.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$441,113
|
$36.95
|
| Other Income |
$6,000
|
$0.50
|
| Vacancy Loss |
$6,707
|
$0.56
|
| Effective Gross Income |
$440,406
|
$36.89
|
| Taxes |
$17,356
|
$1.45
|
| Operating Expenses |
$54,934
|
$4.60
|
| Total Expenses |
$72,290
|
$6.06
|
| Net Operating Income |
$368,116
|
$30.84
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $441,113 |
| Annual Per SF | $36.95 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,000 |
| Annual Per SF | $0.50 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,707 |
| Annual Per SF | $0.56 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $440,406 |
| Annual Per SF | $36.89 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,356 |
| Annual Per SF | $1.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $54,934 |
| Annual Per SF | $4.60 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $72,290 |
| Annual Per SF | $6.06 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $368,116 |
| Annual Per SF | $30.84 |
Property Facts
| Price | $5,985,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $427,500 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.15% | Building Size | 11,937 SF |
| No. Units | 14 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1918/2016 |
| Property Subtype | Apartment | ||
| Zoning | MCR - Industrial and Commercial (consisting of live/work studios) | ||
| Price | $5,985,000 CAD |
| Price Per Unit | $427,500 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,937 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1918/2016 |
| Zoning | MCR - Industrial and Commercial (consisting of live/work studios) |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Tub/Shower
- Deck
- Freezer
- Loft Layout
- Patio
Site Amenities
- Security System
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
| 1+1 | 3 | - | - |
| 2+2 | 1 | - | - |
| 4+2 | 1 | - | - |
| 4+1 | 2 | - | - |
| 5+2 | 1 | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100
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2480 Dundas St W
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