12-Unit Apartment Building 96 TRETHEWEY DRIVE | YORK, ON
For Sale 4750 Bathurst Street Toronto, 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 North York City Centre and Downsview 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 Yonge Street and Downsview Park This is a unique opportunity to acquire a high-demand • Benefits from many area amentities apartment building in Toronto, Ontario. • Property features excess land Existing Building Details • Nearby multiple TTC stations and York University
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 Sheppard Avenue 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 Lake Simcoe in the north to Lake Ontario. Finch and Sheppard West Subway stations are 7 minutes away from the property and provide access to Union Station 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. Earl Bales Park 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 Kingston Road | 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.