FOR SALE: Prime 26-Unit Apartment Building

GREENWOOD AVENU

E SAMMON AVENUE

26 Units 325 Sammon Avenue, Steps from The Danforth Village in

• Four-storey apartment building on 8,500 sf site • Easy to manage, well-maintained building • Trendy residential neighbourhood • Proximity to transit and quick access to the DVP and Hwy 401 WALK SCORE Very Walkable Location | East York, Danforth Neighbourhood Most errands can be 86 accomplished on foot The Danforth juggles east-enders’ enviro-chic, vegan-friendly sensibilities with the city’s biggest celebration of meat on a skewer. East York has transformed itself into one of the most cosmopolitan neighbourhoods in Toronto for city style living. It is a BIKE SCORE Very Bikeable neighbouhood filled with life, movement, great food, open green areas, great local schools and tourist attractions. It is minutes away from . Biking is 76 convenient for most trips

DVP TRANSIT SCORE O`CONNOR DR Old East York O`CONNOR DR Excellent Transit

COSBURN AVE COSBURN AVE Transit is convenient 88 for most trips MORTIMER AVE MORTIMER AVE 325 SAMMON AVE SAMMON AVE PAPE AVE AVEDONLANDS Greektown Danforth Village

Retro BurgerLocal 1794Fourth AvenueQuatrro AmiciRBC Cafe TD CanadaFlamingo Trust The TwelfthRelish Fret BarGolden & Grill PizzaBark & ScratchVincenzo ScrumSupermarket DeliciousDanforth ShoppersPharmacy Pavilion Pastries Beer Store The SocialThe Company CombineThe Big Eatery CarrotTen ThousandPappas Villages GrillMezes Red Rocket Coffee • • • • • • • • • • • • • • • • • Healthy Planet • • • • • • • •

COXWELL AVE DANFORTH AVE DANFORTH AVE GREENWOOD AVE DANFORTH BAYVIE W AVE GO STATION

GERRARD ST E MAIN ST LOGAN AVE CARLAW AVE WOODBINE AVE

KINGSTON RD

GERRARD ST E EASTWOOD RD BEECH AVE

DUNDAS ST E Little India DUNDAS ST E The Beach

Aft KitchenProhibition & Bar Ruby Gastrohouse WatchcoTabule Skin & Bones The Thirsty DuckArts MarketRock Lobster Murphy`s Zane Pastisserie Sauvignon The StoneSalty DogLion ModernGreen Tibet Basil Fox Theatre QUEEN ST E • • • • • • • • QUEEN ST E • • • • • • • • EASTERN AVE

GARDINER LAKESHORE BLVD Lake EXPRESSWAY Opportunity Avison Young has been mandated to advise and manage the sale of 325 Sammon Avenue, Toronto, ON (the “Property” or the “Site”). This is a unique opportunity to acquire a 4-storey apartment building featuring 26 suites on a 8,500 sf site. The building is located on the southwest corner of Sammon Avenue and Greenwood Avenue.

Highlights

WALK SCORE Location | Sought-after location minutes away Property Details Very Walkable from The Danforth Village to the south, the 325 Sammon Avenue beloved Old East York neighbourhood to the Municipal Address Most errands can be Toronto, ON accomplished on foot north and Gerrard/Coxwell and to the south. Site Area Approximately 8,500 sf

Easy to Manage Building | The property has Storeys 4 been well-managed and maintained. This well-constructed property features bright and Suites 26 spacious units and has low Capex requirements. Type No. of Average Market Est. Gap Units Rent Rent to Market TRANSIT SCORE Public Transportation | Immediate access to the Bach. 20 $946 $1,300 $354 Excellent Transit TTC subway, buses, streetcars and GO train. It is 1 Bed 6 $1,060 $1,750 $690 Transit is convenient the easiest commuter pocket on the East side of Town. for most trips Windows 1989

Clay brick with Market Leading Amenities | The area is Construction renowned for its Greek restaurants, local eateries concrete foundation and bars. It is also the hotbed for independent Laundry 2 washers & 2 dryers (owned) retailers, coffee shops and organic groceries. One RBI boiler heating Water domestic hot water (one holding tank) One RBI boiler providing heat Heat via perimeter cast iron hot water radiators Individual meters in place Hydro (owner currently pays hydro) 6 surface parking spots and Parking 9 covered parking garages Net Operating $235,528 Income (Est. 2019)

Financing Treat as Clear

Pape Avenue

Danforth Avenue Donlands Avenue

Mortimer Avenue

Sammon Avenue

Pricing Additional information is available upon request The property is being offered for sale “unpriced”. and written acknowledgement of confidentiality

All expressions of interest may be submitted in the form of For more information, please contact a Letter of Intent or an Agreement of Purchase and Sale and THE MULTI RESIDENTIAL GROUP should include the following: David Lieberman†, MBA • Purchase Price Principal • Deposit Structure 416.673.4013 [email protected] • Address and contact info • An indication of material terms required by the purchaser Jonathan Hittner* Vice President • Evidence of the purchaser’s financial ability to complete 416.436.4417 the transaction [email protected]

Neil Musselwhite† O ering Process Senior Associate Offers will be reviewed starting May 8th, 2019. 289.795.4430 Please contact the listing team with any questions. [email protected]

*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.