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99 Bellevue Ave 16 Unit Apartment Building For Sale Toronto, ON M5T 2N8
INVESTMENT HIGHLIGHTS
- Direct access to numerous bus lines on College Street. 1.14 km to Queen's Park Subway Station and 1.16 km to Spadina Subway Station.
- The Kensington-Chinatown neighbourhood offers 9 public schools, 3 catholic schools and 3 private schools all within close proximity.
- Located in a Prime Downtown location, surrounded by many fabulous and diverse neighbourhoods of the city.
- Current rental revenue generating a net operating income of $512,603.
EXECUTIVE SUMMARY
Colliers International ("Colliers" or the "Advisor") is pleased to present the opportunity to acquire 99 Bellevue Avenue (the "Property" or "Site"), a walk-up apartment building in the heart of Toronto’s Kensington Market neighborhood. This 14,961 SF site currently features a four-storey, 16-unit apartment building generating a strong in-place net operating income (NOI) of $512,603.
The property presents investors with a rare chance to benefit from immediate cash flow while capitalizing on significant redevelopment potential. A feasibility study conducted by Sweeny&Co Architects illustrates the potential for a 12-storey mid-rise development, encompassing 93,695 SF of Gross Floor Area (GFA), 114 residential units.
The surrounding market demonstrates robust demand, with purpose-built rental rates exceeding $4.62 PSF/M and resale condo pricing averaging $1,259 PSF, highlighting the strong investment fundamentals of the area.
99 Bellevue Avenue represents a compelling investment opportunity for those seeking a well-located, income-generating multi-family asset with significant upside potential.
Its prime location in one of Toronto’s most dynamic neighborhoods, strong transit connectivity, and approved high-density development potential make it a rare and valuable acquisition. Investors looking for a covered land play with immediate revenue and long-term capital appreciation will find 99 Bellevue Avenue to be an outstanding addition to their portfolio.
The property presents investors with a rare chance to benefit from immediate cash flow while capitalizing on significant redevelopment potential. A feasibility study conducted by Sweeny&Co Architects illustrates the potential for a 12-storey mid-rise development, encompassing 93,695 SF of Gross Floor Area (GFA), 114 residential units.
The surrounding market demonstrates robust demand, with purpose-built rental rates exceeding $4.62 PSF/M and resale condo pricing averaging $1,259 PSF, highlighting the strong investment fundamentals of the area.
99 Bellevue Avenue represents a compelling investment opportunity for those seeking a well-located, income-generating multi-family asset with significant upside potential.
Its prime location in one of Toronto’s most dynamic neighborhoods, strong transit connectivity, and approved high-density development potential make it a rare and valuable acquisition. Investors looking for a covered land play with immediate revenue and long-term capital appreciation will find 99 Bellevue Avenue to be an outstanding addition to their portfolio.
PROPERTY FACTS
| Sale Type | Investment | Building Class | C |
| No. Units | 16 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 14,180 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1988 |
| Zoning | R | ||
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 14,180 SF |
| No. Stories | 4 |
| Year Built | 1988 |
| Zoning | R |
AMENITIES
SITE AMENITIES
- Controlled Access
- Security System
- Smoke Free
- Storage Space
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Walk Score®
Walker's Paradise (100)
Transit Score®
Rider's Paradise (96)
Bike Score®
Biker's Paradise (97)
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99 Bellevue Ave
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