2480 Dundas St W - Apartments FOR SALE


Toronto, ON M6P 1W9- High Park North/Junction
$5,985,000 CAD
647-370-2908
2480 Dundas St W, Toronto, ON for Sale
$5,985,000 CAD
Apartments - FOR SALE
1/55
null | 6.15% Cap Rate

2480 Dundas St W
Toronto, ON M6P 1W9
High Park North/Junction


HIGHLIGHTS

  • Walkable to Bloor GO Station, UP Express, Dundas West Subway, groceries, pharmacy, recreation center, parks, Lake Ontario, & to West Toronto Railpath.
  • Most units have a separate hydro meter and hot water tanks, and most include in-suite laundry.
  • Recently updated with exposed brick, 12-foot ceilings, large new triple glazed windows, and wood flooring.
  • Unique property features 14 updated hard loft studios plus other income streams.
  • Bright, modern loft studio in a prime location with abundant natural light throughout.
  • Excellent upside potential and opportunities for future development or condo conversion.

OVERVIEW

14 Live/Work Unit Investment Property in High Park North Prime High Park North location. Offered at $5,985,000, 2480 Dundas Street West is a substantially renovated income-generating property featuring 14 unique live/work hard loft studios plus rooftop signage income. The property offers a 6.15% cap rate, gross income of $447,112.56, and net income of $368,120. Renovated throughout with strong character, the building includes exposed brick, large wood beams, approximately 12-foot ceilings, triple-glazed windows, wood flooring, a high-efficiency furnace, separate hydro meters, and individual hot water tanks. Most units include en-suite laundry. Ideally located near Bloor & Dundas, Union Pearson Express, Dundas West Subway Station, Bloor GO Station, Bloor West Village, The Junction, and High Park. Strong tenant profile, high-demand location, and easy-to-manage building. All measurements are approximate. One of the directors is related to the registered real estate agent (R.R.E.A). Please include Schedule B and the required disclosure with all offers. A Clean Phase 1 Environmental Report is available. Showings require a minimum of 48 hours' notice and will take place on scheduled dates. A list of units to be viewed will be provided at the showing, and the listing agent or a representative will be present for all showings.

FOR SALE DETAILS

PRICE

$5,985,000 CAD

PRICE/SF

$501 CAD /SF

# OF UNITS

14

PRICE/UNIT

$427,500

CAP RATE

6.15%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1918

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

MCR

APN/PARCEL ID

190401306001500

ASK ABOUT THIS PROPERTY

Ernest FurtadoeXp RealtyMore Info
647-370-2908

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Ernest FurtadoeXp RealtyMore Info
647-370-2908

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