Added 2 months ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-Over 20 Units
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Zoning: RA
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Age: No Data
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Taxes: 41730
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MLS®#: E8439424
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Days on Site: 56 Days
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Added: Jun 13, 2024 (2 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: CBRE LIMITED
A unique 28-suite apartment building located in a desirable rental neighbourhood, over 70% large 2-bedroom suites on a +25,000 Sq. Ft. Lot. The apartment building is ideally situated in the Birchmount Park Neighbourhood in Scarborough. With Scarborough's growing population, driven by immigration and affordable rental options, rental demand remains stable. The property benefits from excellent transit options, including the Warden Subway Station, Scarborough GO Station, and the Eglinton LRT. Surrounding amenities, such as retail strips, restaurants, parks and schools, provide convenience for residents and workers in the neighbourhood. Additionally, there are multiple redevelopment projects happening in the area, offering potential for future growth.
Extras
Potential to add additional units. Significant upside in rental revenue on turnover.
Property
Status: Sale
Type: Apts-Over 20 Units
Property Type: Investment
Property Type: Apartment
Area: Toronto
Community: Clairlea-Birchmount
Availability Date: TBD
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Hot Water
Elevator: None
Energy Certificate: N
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 30
Fees
Tax Year: 2024
Taxes: $41,730
Taxes Type: Annual
Land
Cross Street: Birchmount Road & Da
Municipality District: Toronto E04
Lot Depth: 308.01 Feet
Lot Frontage: 82.62 Feet
Zoning: RA
Commercial Specific
Sprinklers: Part
Total Area: 0.58
Total Area Metric: Acres
Lot Code: Lot
J G Workman Public School
Elementary: PublicBirch Cliff Heights Public School
Elementary: PublicSt Joachim Catholic School
Elementary: CatholicWarden Avenue Public School
Elementary: PublicGeneral Brock Public School
Elementary: PublicDanforth Gardens Public School
Elementary: PublicCaring and Safe Schools LC3
Secondary: PublicSouth East Year Round Alternative Centre
Secondary: PublicScarborough Centre for Alternative Studi
Secondary: PublicBirchmount Park Collegiate Institute
Secondary: PublicJean Vanier Catholic Secondary School
Secondary: CatholicSATEC @ W A Porter Collegiate Institute
Secondary: Public
