FOR SALE: Prime 26-Unit Apartment Building GREENWOOD AVENU E SAMMON AVENUE 26 Units 325 Sammon Avenue, Toronto Steps from The Danforth Village in East York • 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 Location | East York, Danforth Neighbourhood 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 neighbouhood filled with life, movement, great food, open green areas, great local schools and tourist attractions. It is minutes away from downtown Toronto. DVP O`CONNOR DR Greektown COSBURN AVE BAYVIE W AVE W BAYVIE MORTIMER AVE • The Social Company • The Combine Eatery Old East York • The Big Carrot • Ten Thousand Villages DUNDAS ST E • Pappas Grill AVE PAPE • Mezes QUEEN ST E DONLANDS AVE DONLANDS • Healthy Planet GERRARD ST E 325 SAMMON AVE LOGAN AVE LOGAN O`CONNOR DR WALK SCORE DANFORTH AVE 86 • Aft Kitchen & Bar Very Walkable CARLAW AVE CARLAW COSBURN AVE EXPRESSWAYGARDINER • Prohibition Gastrohouse • Ruby Watchco MORTIMER AVE Most errands can be • Tabule • Red Rocket Coffee Danforth Village accomplished on foot GREENWOOD AVE GREENWOOD SAMMON AVE • Retro Burger • Skin & Bones AVE COXWELL 76 BIKE SCORE Little India • Local 1794 • Fourth Avenue Very Bikeable • Quatrro Amici Cafe • The Thirsty Duck Biking is • RBC convenient for LAKESHORE BLVD • Arts Market • Rock Lobster most trips • TD Canada Trust 88 TRANSIT SCORE • Flamingo QUEEN ST E Excellent Transit EASTERN AVE • The Twelfth Fret DUNDAS ST E • Relish Bar & Grill Transit is convenient EASTWOOD RD • Golden Pizza for most trips WOODBINE AVE WOODBINE • Bark & Scratch DANFORTH• AVEVincenzo Supermarket • Scrum Delicious • Danforth Pharmacy • Murphy`s • Shoppers GERRARD ST E • Zane Pastisserie DANFORTH • Sauvignon GO STATION • Pavilion Pastries • The Stone Lion • Salty Dog The Beach MAIN ST MAIN • Beer Store • Modern Tibet • Green Basil BEECH AVE BEECH KINGSTON RD • Fox Theatre Lake Ontario 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 The Beaches 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 MULTIRESIDENTIAL 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..