2825 Weston Rd - Apartments FOR SALE


Toronto, ON M9M 2S1- Downsview
$2,200,000 CAD
416-791-7205
2825 Weston Rd, Toronto, ON for Sale
$2,200,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

2825 Weston Rd
Toronto, ON M9M 2S1
Downsview


HIGHLIGHTS

  • Mixed-Use Retail and Residential Property.
  • High-Traffic Location, Limited Exposure To New Competition.
  • Minimal Management is Required
  • This Property is a Value-Add Opportunity

OVERVIEW

2825-2827 Weston Road represents a rare opportunity to acquire a well located value-add, mixed-use property in the City of Toronto. The property is located just north of Highway 401 at the busy intersection of Weston Road and Gaydon Avenue. The property is attached on the north side to a similar larger 3-storey building. The site is approximately 6,970 SF and the total building area is approximately 5,505 SF with one retail unit on the ground floor and a total of 4 residential units on the 2nd and 3rd floors. Complimentary retailers occupy the ground floor of the adjacent buildings which drives further activity to the property. The property is surrounded by an established single family neighbourhood. The apartment units at this property and the adjacent properties are unique to this area and in high demand. The property offers an investor stable income with great growth potential as current rents are below market. 2825-2827 Weston Road is in a unique City of Toronto neighbourhood that has tremendous accessibility to the major 400 highways systems (Hwy 401 and Hwy 400) and major arterial roads of Weston Road, Albion Road, Wilson Avenue and Black Creek Drive. This transportation rich neighborhood is highly sought after and will likely experience intensification in the future. There are over 32,000 vehicles traveling daily on the intersection of Weston Road and Graydon Avenue.

FOR SALE DETAILS

PRICE

$2,200,000 CAD

PRICE/SF

$423 CAD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

CR

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jake ArnoldiColliersMore Info
416-791-7205

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Jake ArnoldiColliersMore Info
416-791-7205

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