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189 Vaughan Road, Toronto, on Its for SALE | 16 Units

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189 Vaughan Road, Toronto, on Its for SALE | 16 Units Four-Storey, Walk-Up Apartment Building 189 VAUGHAN ROAD | TORONTO, ON FOR SALE | 16 Units FOR SALE | 31 Units FOUR-STOREY, WALK-UP APARTMENT BUILDING 189 Vaughan Road, Toronto, ON Well-capitalized building with condo-quality upgrades Professionally managed Extra large units providing outstanding cash flow Core Toronto neighbourhood with lots of infrastructure and nearby developments For more information and to discuss pricing please contact The Multi-Residential Group: David Lieberman†, MBA Jonathan Hittner* Principal Vice President 416.673.4013 416.436.4417 [email protected] [email protected] Neil Musselwhite† Vice President 289.795.4430 [email protected] *Broker † Sales Representative Four-Storey, Walk-Up Apartment Building 189 VAUGHAN ROAD | TORONTO, ON Property Details Opportunity Avison Young has been mandated to advise and Municipal Address 189 Vaughan Road, Toronto, ON manage the sale of 189 Vaughan Road, Toronto, ON Four-storey, walk-up apartment (the “Property”). This is a unique opportunity to acquire Description building a professionally managed boutique apartment building with significant capital upgrades. Best in class in-suite Site Area 4,391 sf finishes, featuring condo quality kitchen and bathroom Suite Mix Type Units renovations. One-Bedroom 8 The property has been meticulously operated providing Two-Bedroom 4 a premium rental environment for tenants. Potential Three-Bedroom 4 to add four additional suites in the basement area of Total 16 the building. The property operates efficiently at an approximate 35% expense ratio with the ability to switch Hydro Separately metered (9 tenants) 7 tenants to direct hydro billing on suite turnover. Financing Treat as clear Highlights Financial Summary Well-capitalized building with condo-quality upgrades Year 1 Projected NOI Professionally managed Total Revenue $ 260,543 Extra large units providing outstanding cash flow Total Operating Expenses $ 88,855 Core Toronto neighbourhood with lots of infrastructure Net Operating Income $ 171,688 and nearby developments Location Four-Storey, Walk-Up Apartment Building 189 VAUGHAN ROAD | TORONTO, ON The Property Four-Storey, Walk-Up Apartment Building 189 VAUGHAN ROAD | TORONTO, ON MIDTOWN NEIGHBOURHOOD The property is well-located in midtown toronto. A neighbourhood with wide, pedestrian- friendly sidewalks, wide bike and an easily accessible location by either subway or car. On top of this there is a wide range of school options and luxury living accommodations. Its charm and unbeatable location make it one of the most sought-after areas in Toronto. The neighbourhood has an abundance of parks and greenspace including Wychwood Barns Park and Cedarvale Park which offers acres of running trails as well as a cricket field, and tennis courts. ALLEN RD MIDTOWN FOREST HILL TORONTO Eglinton Ave W Chaplin Crescent Cedarville Park Vaughan Rd Bathurst Dufferin St FOREST HILL SOUTH Yonge St Yonge Oakwood Ave Oakwood ST CLAIR WEST VILLAGE Forest Hill Loblaws Wychwood Barns Park St Clair Ave W Casa Loma Spadina Rd Avenue Rd Avenue Davenport Rd WYCHWOOD George Brown Dupont St 189 VAUGHAN ROAD FUTURE LRT STATIONS Bathurst St Vaughan Rd 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 David Lieberman , MBA Principal $5,488,000. 416.673.4013 [email protected] All expressions of interest may be submitted in the form of a Letter of Intent or an Agreement of Purchase and Sale and Jonathan Hittner* Vice President should include the following: 416.436.4417 [email protected] • Address and contact info • Purchase Price Neil Musselwhite† • Deposit Structure Vice President 289.795.4430 • An indication of material terms required by the purchaser [email protected] • Evidence of the purchaser’s financial ability to complete 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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