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30 Springhurst Ave
Toronto, ON M6K 1B3
30 Springhurst Ave · Multifamily Property For Sale
·
122 Units
Investment Highlights
- Large storage areas (main floor and basement), some with windows, may offer future conversion potential subject to approvals.
- Additional revenue from parking, lockers, coin laundry, telecom, and hydro, with potential to increase laundry pricing by ~30%.
- ~34.5% potential rent increase driven by below-market in-place rents, suite turnover, and an active AGI application that could further enhance revenue
- Major upgrades include garage restoration, boiler replacements, electrical updates, new sprinkler system, asphalt, fencing, and sod.
- Desirable Toronto location near the waterfront, BMO Field, and Exhibition Place, and nearby amenities. Some suites have lake views.
Executive Summary
30 Springhurst Avenue presents the opportunity to acquire a well-located 12 storey high-rise apartment building in one of Toronto’s most desirable west end rental nodes.
Situated on a 0.98-acre site just steps from the lakefront, BMO Field, Exhibition Place, and an array of neighbourhood amenities, the property combines strong in-place cash flow with compelling value-add potential through rental growth, ancillary revenue enhancement, and further optimization of underutilized interior space. The building contains 122 suites and offers an attractive suite mix of 22 bachelor units, 77 one bedroom units, and 23 two bedroom units.
Situated on a 0.98-acre site just steps from the lakefront, BMO Field, Exhibition Place, and an array of neighbourhood amenities, the property combines strong in-place cash flow with compelling value-add potential through rental growth, ancillary revenue enhancement, and further optimization of underutilized interior space. The building contains 122 suites and offers an attractive suite mix of 22 bachelor units, 77 one bedroom units, and 23 two bedroom units.
Property Facts
| Sale Type | Investment | Lot Size | 0.98 AC |
| No. Units | 122 | Building Size | 99,732 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 12 |
| Apartment Style | Mid-Rise | Year Built | 1965 |
| Building Class | C | ||
| Zoning | R | ||
| Sale Type | Investment |
| No. Units | 122 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.98 AC |
| Building Size | 99,732 SF |
| Average Occupancy | 99% |
| No. Stories | 12 |
| Year Built | 1965 |
| Zoning | R |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | 400 |
| 1+1 | 77 | - | 600 |
| 2+1 | 23 | - | 800 - 900 |
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