165 Colborne Ave - Apartments FOR SALE


Richmond Hill, ON L4C 1J8
$12,400,000 CAD
416-791-7203
165 Colborne Ave, Richmond Hill, ON for Sale
$12,400,000 CAD
Apartments - FOR SALE
1/12
null | 5.02% Cap Rate

165 Colborne Ave
Richmond Hill, ON L4C 1J8


HIGHLIGHTS

  • Extensive Capital Improvements
  • Prime Transit-Oriented Location
  • Efficient Operating Structure
  • Strong Financial Performance

OVERVIEW

Introducing 165 Colborne Avenue, a well-maintained 40-suite multifamily asset in the heart of Richmond Hill. Ideally positioned beside the Richmond Hill GO Station, the property offers exceptional commuter access to downtown Toronto and is surrounded by a broad mix of neighbourhood amenities including grocery, retail, and restaurants, all within walking distance. This 4-storey, purpose-built apartment building sits on 0.83 acres and features a diversified suite mix of bachelor, one-bedroom, two-bedroom, and three-bedroom units. With separately metered hydro, multiple ancillary income streams, and consistent capital upgrades, the property provides strong in-place stability and meaningful long-term value creation.

FOR SALE DETAILS

PRICE

$12,400,000 CAD

PRICE/SF

$332 CAD /SF

# OF UNITS

40

PRICE/UNIT

$310,000

CAP RATE

5.02%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1963

PARKING SPACES

61

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

193803003100700

ASK ABOUT THIS PROPERTY

Dayma ItamunoalaColliersMore Info
416-791-7203

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Dayma ItamunoalaColliersMore Info
416-791-7203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.