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25-Unit Apartment Building Downtown Toronto

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25-Unit Apartment Building Downtown Toronto FOR SALE AVISON YOUNG MULTI-RESIDENTIAL GROUP FOR SALE | 25 Units 5 & 7 Thorburn Avenue | Toronto, ON 25-Unit Apartment Building Downtown Toronto Victorian walk-up apartment building Located nearby popular Liberty Village Neighbourhood Professionally managed Nearby Exhibition GO Station Victorian Walk-Up Apartment Building 5&7 THORBURN AVENUE | TORONTO, ON Property Details Opportunity Avison Young has been mandated to advise and manage Municipal Address 5 & 7 Thorburn Avenue, Toronto, ON the sale of 5 & 7 Thorburn Avenue (the “Property” Victorian Walk-Up apartment or the “Site”). This is a unique opportunity to acquire a Description building professionally managed boutique apartment building nearby the popular Liberty Village neighbourhood. Site Area 5,005 sf Suite Mix Type Units Highlights Bachelor 21 Location | Located in downtown Toronto adjacent One-Bedroom 4 to the popular Liberty Village neighbourhood. Total 25 It is conveniently located just south of Toronto’s trendiest shopping street, Queen St W, and Hydro Bulk meter – Landlord pays minutes from the Entertainment district. Financing Treat as clear Public Transportation | Nearby Exhibition GO Station and proximity to the Gardiner Expressway and King Street streetcar. A short Financial Summary 10-minute commute via streetcar to the Entertainment District and a few minutes walk to Year 1 Projected NOI the Fashion District or the Lakeshore. Total Revenue $ 313,678 Total Operating Expenses $ 101,159 Amenities | Mix of cafes, restaurants and trendy shops, as well as gyms, art galleries, yoga Net Operating Income $ 212,519 studios and proximity to all downtown Toronto infrastructure. Victorian Walk-Up Apartment Building 5&7 THORBURN AVENUE | TORONTO, ON The Property Victorian Walk-Up Apartment Building 5&7 THORBURN AVENUE | TORONTO, ON LIBERTY VILLAGE WEST QUEEN WEST Adelaide St W Shank St King St W STANLEY PARK FASHION DISTRICT Wellington St Liberty St. KING WEST VILLAGE LIBERTY VILLAGE Bathurst St Bathurst GARDINER EXPY. FORT YORK NATIONAL HISTORIAL SITE Strachan Ave. Strachan Dufferin Street Lake Shore Blvd. BMO FIELD Princes ‘ Blvd. CORONATION PARK BATHURST QUAY LAKE ONTARIO Located in downtown Toronto, Liberty Village is bordered to the north by King Street West, to the west by Dufferin St, to the south by the Gardiner and to the east by Strachan Avenue. There is a ton of character in Liberty Village and its proximity to the financial district has made it an increasingly popular location amongst young working professionals and investors alike. Victorian Walk-Up Apartment Building 5&7 THORBURN AVENUE | TORONTO, ON LIBERTY VILLAGE DUFFERIN STREET GARDINER EXPRESSWAY OFFERING PROCESS Offers will be reviewed on an “as come” basis. Additional information is available upon request Please contact the listing team with any questions. and written acknowledgement of confidentiality For more information, please contact Pricing THE MULTI-RESIDENTIAL GROUP † The property is being offered for sale at a price of $6,995,000 David Lieberman , MBA Principal 416.673.4013 All expressions of interest may be submitted in the form of [email protected] a Letter of Intent or an Agreement of Purchase and Sale and Jonathan Hittner* should include the following: Vice President • Address and contact info 416.436.4417 [email protected] • Purchase Price • Deposit Structure Neil Musselwhite† • An indication of material terms required by the purchaser Vice President 289.795.4430 • Evidence of the purchaser’s financial ability to complete [email protected] the transaction *Broker † Sales Representative avisonyoung.ca Avison Young Commercial Real Estate (Ontario) Inc., Brokerage 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724 The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract..
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