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More details for 99 Bellevue Ave, Toronto, ON - Multifamily for Sale

99 Bellevue Ave

Toronto, ON M5T 2N8

  • Multifamily for Sale
  • 14,180 SF
  • Security System
  • Controlled Access

Toronto Multifamily for Sale - Downtown North

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.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2025-03-13
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LoopNet Canada Ontario Multifamily Properties For Sale in Toronto, ON, Canada

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