28A Third Street, Toronto | Image 1

28A Third Street

Toronto, New Toronto

  • Commercial

$3,195,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-6 To 12 Units

  • Zoning: Residential Mult

  • Age: No Data

  • Taxes: 6903

  • MLS®#: W10422788

  • Days on Site: 55 Days

  • Added: Nov 13, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: BRAD J. LAMB REALTY 2016 INC.

2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.

Extras

Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos.

Property

  • Status: Sale

  • Type: Apts-6 To 12 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Net Income: 133229

  • Area: Toronto

  • Community: New Toronto

  • Availability Date: TBD

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Heat Type: Water Radiators

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 73, PL 1478 , PART 1 AND 2 , 64R9063 ; ETOBICOKE , CITY OF

  • Taxes: $6,903

  • Expenses: Est

  • Insurance Fee: 5365

  • Hydro Expense: 867

  • Heat Expenses: 4674

  • Taxes Type: Annual

  • Taxes: 6903

  • Tax Year: 2024

  • Water Fees: 3930

Land

  • Cross Street: Islington Ave. and L

  • Municipality District: Toronto W06

  • Lot Depth: 57 Feet

  • Lot Frontage: 50 Feet

  • Zoning: Residential Mult

Commercial Specific

  • Total Area: 3648

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

  • Financial Statement: Y

  • Gross Income/Sales: 154968

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Map of 28A Third Street, Toronto
K-8

The Holy Trinity Catholic School

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JK-5

Seventh Street Junior School

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St Teresa Catholic School

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