416-777-2200
116 Glen Manor Dr, Toronto, ON for Sale
Medical - FOR SALE
1/3
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116 Glen Manor Dr
Toronto, ON M4E 2X2
The Beaches


HIGHLIGHTS

  • Stabilized property with significant upside and projected year 1 NOI of $207,276.
  • Vibrant neighbourhood with multiple amenities in walking distance from property.
  • All hydro separately metered and paid directly by tenants.
  • Owned laundry machines provide additional income.

OVERVIEW

Colliers Macaulay Nicolls Inc., Brokerage (the ”Advisor”) is pleased to offer for sale a 100% freehold interest in 116 Glen Manor Drive (the “Property”) in the East End of Toronto. Located within a 20 minute drive from downtown Toronto, this offering consists of a freestanding, three storey plus basement residential building situated on a 4,123 SF site. The property contains 12 one-bedroom residential units, one of which is currently leased to a commercial tenant on the ground floor, all within a well established neighbourhood setting. Built in 1954 and zoned under Former By Law 438 86 – H12.0, the asset presents a rare opportunity to acquire a stabilized, low rise multifamily building in one of Toronto’s most desirable east end communities. Well maintained and offering a welcoming environment, the property has benefitted from ongoing care, with suites updated upon turnover and common areas reflecting a clean, character rich mid century style. With strong underlying fundamentals, long term demand in the Beaches area, and the security of a proven residential unit mix, this property provides investors with a stable income producing asset and meaningful potential for future value growth.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,123 SF

ZONING

CR

APN/PARCEL ID

190409114003600

ASK ABOUT THIS PROPERTY

Michael CarewColliersMore Info
416-777-2200

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Michael CarewColliersMore Info
416-777-2200

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