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1161 O'connor Drive

Toronto (O'Connor-Parkview), Ontario, M4B2T5

$5,000,000

MLS®#: E12181045
Description:

Turnkey 12-Unit Multifamily Investment Opportunity. This fully renovated 12-unit building presents a rare opportunity to acquire a stabilized, cash-flowing asset with significant capital improvements and a highly attractive assumable CMHC mortgage. Renovated from the studs up in 2020 with nearly $1M in upgrades, all units feature modern interiors, updated finishes, and functional layouts. The unit mix includes five spacious 2-bedroom + den suites and seven well-designed 1-bedroom units, appealing to a broad tenant base. Highlights Include: Full interior gut-renovation (2020) all 12 units + common space. Two new Coinmatic washers and dryers (owned, not leased)Newer windows and roof (approx. 10 years old)Foundation professionally re-sealed from exterior (under 10 years ago). Mortgage Assumption: CMHC-insured mortgage must be assumed 2.76% interest rate. Current term matures Dec 1, 2031. This is a solid, long-hold asset offering stable returns, low financing costs, and minimal capital expenditure required for years to come. Perfect for investors seeking reliable cash flow and long-term appreciation in a professionally upgraded multifamily asset. (id:10317)

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Property Details
Status: For sale
Address: 1161 O'CONNOR DRIVE, Toronto (O'Connor-Parkview), M4B2T5
MLS: E12181045
Lot Size: 0.15
Heating: Radiant heat
Cooling: Fully air conditioned
Water: Municipal water
Floor Space: 0
Lot Size: 0.15
Agency: Courtesy of COMFREE
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