12-Unit Apartment Building 96 TRETHEWEY DRIVE | YORK, ON

For Sale 4750 Bathurst , ON

3-STOREY, 64-UNIT APARTMENT BUILDING

64-unit elevator serviced apartment building Outstanding value-add investment opportunity Land surrounding the property, total site area 1.17 acres Proximity to City Centre and Park

For more information and to discuss pricing please contact The Multi-Residential Group:

David Lieberman†, MBA Jonathan Hittner* Principal Vice President 416.230.0477 416.436.4417 [email protected] [email protected]

Neil Musselwhite† Eamonn McConnell† Vice President Associate 289.795.4430 416.574.4890 [email protected] [email protected]

† *Broker Sales Representative Please visit our website: www.gtamultifamily.com 4750 Bathurst Street

Opportunity Sale Highlights Avison Young has been mandated to advise and manage the • Prime North York Toronto location sale of 4750 Bathurst Street, Toronto, ON (the “Property”). • Minutes away from and This is a unique opportunity to acquire a high-demand • Benefits from many area amentities apartment building in Toronto, . • Property features excess land Existing Building Details • Nearby multiple TTC stations and

Carscadden Dr. Existing Market Rental Suite Type Average Rent Upside Rent

Bachelor $948 $1,550 $602 (63.5%)

One $1,128 $1,800 $672 (60%) Bedroom

YEAR 1 PROJECTED NOI Total Revenue $ 989,098 Bathurst St. Total Operating Expenses $ 424,813

NET OPERATING INCOME $ 564,285 Description 3-Storey, 64-Unit Apartment Building

Built Circa 1964

Site Area 1.17 acres Bachelor: 24 One-Bedroom: 40 Suite Mix Total: 64 *Currently 12 vacant units * Raypak gas fired boiler for 200 gallon Domestic Hot Water West hot water tank (boiler is rental)

Roof Completed in 2015 & 2020

Balconies Redone in 2015 Surface Parking: 28 Covered Parking: 7 Parking Underground Parking: 33 Total: 68

Elevator 1 passenger elevator modernized 2015 Bathurst Street

Laundry 3 washers and 3 dryers (coinamatic)

Natural gas fired boilers supplying Heating hydronic baseboards

Electrical Seperately metered - Half pay direct Financing Treat free and clear 4750 Bathurst Street NORTH YORK The property is situated on Bathurst Street which is a major road in Toronto and runs from in the north to . Finch and Sheppard West Subway stations are 7 minutes away from the property and provide access to and the Financial District. Toronto Pearson International Airport is accessible via Highway 401 and can be reached in 15 minutes. The site is also in close proximity to three major highways of Toronto: Highway 7, Highway 407 and Ontario 401 Express. The nearest hospital is North York General Hospital which is only 13 minutes from the apartment. York University, one of the biggest universities in Canada, is situated 10 minutes from the property. is situated just five minutes south of the property and consists of Earl Bales Community Centre, which offers various programs for people of all ages. Downsview Park is located west of the subject property and is approximately ten minutes away. The park is a mix of forests, ponds, trails, active and passive play areas. The property is surrounded with museums, retail stores and restaurants on all four sides that are 10 minutes away or less including, the Holocaust Museum.

Finch Station

Finch Avenue West 4750 Bathurst Street North York Centre Station

Sheppard Avenue West Station Bathurst Street

Allen Road Destination Distance

Finch Subway 3.1 Km

Sheppard Avenue West Yonge Street Sheppard West 3.6 Km Subway

Highway 401 Earl Bales Park 2.5 Km Downsview Park 6.8 Km

York University 5.8 Km

North York General 9.8 Km Hospital G. Ross Lord Park 3.9 Km FOR SALE | RESIDENTIAL DEVELOPMENT SITE Bathurst Street 4674 | Toronto, ON 4750

Interior Photos

Avison Young Multi-Residential Group Bid Date: May 13th, 2021

Bathurst Street

OFFERING PROCESS Additional information is available upon request and written acknowledgement of confidentiality Offers will be reviewed on May 13, 2021. Please contact the listing team with any questions. For more information, please contact THE MULTI-RESIDENTIAL GROUP

David Lieberman†, MBA Pricing Principal The property is being offered for sale "Unpriced." 416.230.0477 [email protected]

All expressions of interest may be submitted in the form Jonathan Hittner* Vice President of a Letter of Intent or an Agreement of Purchase and Sale 416.436.4417 and should include the following: [email protected]

• Address and contact info Neil Musselwhite† • Purchase Price Vice President • Deposit Structure 289.795.4430 [email protected] • An indication of material terms required by the purchaser Eamonn McConnell† • Evidence of the purchaser’s financial ability to complete Associate 416.574.4890 the transaction [email protected] avisonyoung.ca *Broker † Sales Representative

Avison Young Commercial Real Estate Services, LP, 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 Please visit our website: www.gtamultifamily.com contract.