$6,395,000
46 Montye AVE Toronto W02, ON M6S 2G9
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$6,395,000
Est. payment /mo
6,027 SqFt
Active
46 Montye AVE Toronto W02, ON M6S 2G9
UPDATED:
09/20/2024 05:08 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 6,027 sqft
Price per Sqft $1,061
MLS Listing ID W9360454
Annual Tax Amount $17,890
Tax Year 2024
Property Description
46 Montye Avenue is a 13-unit, turnkey investment opportunity with attractive assumable CMHC financing. 9 of the 13 units have been fully renovated with condo quality finishes. The property NOI is approximately $258,000, and the 1st position assumable CMHC loan is $4,250,123 at 4.10% interest with a 50 year amortization, maturing in December, 2034. This opportunity offers predictable and steady cash flows, with further additional rental upside yet to be achieved through the 4 units that haven't been turned over. The building is immaculately maintained with little to no near term capital expenditure to worry about.
Location
State ON
County Toronto
Zoning RM(f12;u2;d0.8*252)
Interior
Cooling No
Exterior
Utilities Available Yes
Parking Type None
Listed by CUSHMAN & WAKEFIELD
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