781 St Clair Ave W - Apartments FOR SALE


Toronto, ON M6C 1B4- Wychwood
$8,499,000 CAD
416-955-0000
781 St Clair Ave W, Toronto, ON for Sale
$8,499,000 CAD
Apartments - FOR SALE
1/9
null | Request Cap Rate

781 St Clair Ave W
Toronto, ON M6C 1B4
Wychwood


OVERVIEW

Located in the heart of St. Clair West, this is an exceptional opportunity for investors to buy a substantially renovated apartment building featuring 20 residential units and 2 ground floor commercial units. Over $2.7M in capital expenditures have been completed recently with new building mechanicals offering large reductions in utility expenses. A third floor addition with 4 units was completed in 2021 with 10' ceilings and air conditioning. 95% of units have been renovated. Ground floor commercial tenants are on triple net leases with annual escalations providing easy management and additional income. The property is in close proximity to the St. Clair West TTC Station offering exceptional connectivity and tenant appeal.

FOR SALE DETAILS

PRICE

$8,499,000 CAD

PRICE/SF

$732 CAD /SF

# OF UNITS

20

PRICE/UNIT

$424,950

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,446 SF

ZONING

R(d0.6)

APN/PARCEL ID

CUSTOM-4734436

ASK ABOUT THIS PROPERTY

Jonathan HittnerAvison YoungMore Info
416-955-0000

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Jonathan HittnerAvison YoungMore Info
416-955-0000

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