Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately self-contained units, all with private entrances, separate utilities, and in-unit laundry. Top-floor units consist of 2 bedrooms plus den, 2 bathrooms (1 ensuite) and walk-out balconies. Main-floor units offer 2 bedrooms, 2 bathrooms (1 ensuite) with large storage room and rear balcony. Lower floors consist of two 1-bedroom, 1-bathroom units. Rear lower units include private patios. All units feature custom kitchens, stainless steel appliances, high-efficiency HVAC systems and open-concept designs. Located a short distance from downtown Toronto, the property provides quick access to the Highway 400 series, restaurants, shopping and just a short walk to the Weston GO Station. Estimated financials available upon request. Anticipated March 2025 completion. **EXTRAS** Builder Warranty Included. Exterior Picture is Rendering. Interior Photos are of Similar Property.
Under Contract:
Hot Water Heater
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
2-Storey
Approx. Age:
New
Depth:
98'11"30.1 m
Frontage:
80'3"24.5 m
Lot Shape:
Rectangular
Topography:
Flat
Direction Faces:
South
Bedrooms:
8+4
Bathrooms:
12.0
Water supply:
Municipal
Kitchens:
8
Kitchens in Basement:
4
Bedrooms Above Grade:
8
Bedrooms Below Grade:
4
Kitchens Above Grade:
4
Rooms Above Grade:
12
Rooms Below Grade:
8
Ensuite Laundry:
No
Fractional Ownership:
No
Zoning:
RM (x475)
Assignment:
No
Heating type:
Forced Air
Heating Fuel:
Electric
Foundation:
Poured Concrete
Roof:
Asphalt Shingle
Basement:
Finished with Walk-Out, Separate Entrance
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Lane, Private, Mutual
Parking Spaces:
6
Total Parking Spaces:
6.0
Family Room:
No
Possession Details:
TBD
Pool:
None
HST Applicable To Sale Price:
Included
Development Charges Paid:
Yes
Taxes:
$0 /
2025
Assessment:
$- /
-
Toronto W04
Weston
Toronto
Public Transit, Hospital, Park, Rec./Commun.Centre, School, Place Of Worship
ERV/HRV, Separate Hydro Meter, Separate Heating Controls, Sump Pump, Upgraded Insulation, Storage
Landscaped, Patio, Privacy, Porch, Deck
Smoke Detector
8 x Hot Water Tank
8 x Refrigerator, 8 x Stove, 8 x Hood Fan, 8 x Dishwasher, 8 x Washer/Dryer