96 TRETHEWEY DRIVE | YORK, ON 12-Unit Apartment Building For more information and to discuss pricing please contact The Multi-Residential Group: Neil Musselwhite † Vice President 289.795.4430 [email protected]Jonathan Hittner* Vice President 416.436.4417 [email protected]David Lieberman † , MBA Principal 416.230.0477 [email protected]Iconic Forest Hill Village building Large residential units Complimentary retail component 35-UNIT BUILDING FEATURING 31 APARTMENT & 4 RETAIL UNITS 404 Spadina Road Toronto, ON *Broker † Sales Representative Eamonn McConnell † Associate 416.574.4890 [email protected]For Sale Please visit our website: www.gtamultifamily.com 35-Unit Building
Transcript
96 TRETHEWEY DRIVE | YORK, ON12-Un i t Apar tment Bu i ld ing
For more information and to discuss pricing please contact The Multi-Residential Group:
Opportunity Avison Young has been mandated to advise and
manage the sale of 404 Spadina Road, Toronto,
ON (the “Property”). This is a unique opportunity to
acquire a premium boutique apartment building with a
complimentary ground floor retail component, located
in the prestigious Forest Hill neighbourood.
Address 404 Spadina Road, Toronto, ON
Description4-storey, 35-unit building with 31 apartment units and 4 retail units
Built 1930
Site Area 7,554 sf
Suite Mix
6 Bachelors 24 One Bedrooms 1 Two Bedroom 4 Retail
492 SF 665 SF850 SF751 SF
Hydro Seperately metered
Elevator (2017) Full modernization
Boiler(2008) H.B Smith Low Pressure Cast Iron Sectional Steam Boiler
Financing Treat as clear
YEAR 1 PROJECTED NOIResidential ComponentTotal Revenue $ 533,618
Total Operating Expenses $ 200,428
NET RESIDENTIAL INCOME $ 333,190
Proforma
Avison Young Multi-Residential Group
YEAR 1 PROJECTED NOIRetail ComponentTotal Revenue $ 192,545
Total Operating Expenses $ 37,006
NET RETAIL INCOME $ 155,539
TOTAL NET OPERATING INCOME $ 488,729
Estimated Size
FOREST HILL
Spadina Road404
Avison Young Multi-Residential Group
Located North of downtown Toronto, Forest Hill is one of the city’s most vibrant and prestigious neighbourhoods. With over 60 unique merchants, Forest Hill Village is an ideal residential location nestled among some of the most stunning homes and landscaping in all of Toronto. The village features many restaurants, boutiques, galleries, and services including, dentists, doctors, and lawyers. The location offers easy access to the Allen Expressway and the downtown core by subway or car. Two of Toronto’s most revered private schools Bishop Strachan School for girls and Upper Canada College for boys are both situated in Forest Hill as well. Nearby, Winston Churchill Park and Cedarvale Park offer acres of running trail, a cricket field, dog parks, and tennis courts.
SPAD
INA
ROA
D
CHRISTIE STREET
AVENU
E ROA
D
ST CLAIR AVE W.
DUPONT STREET
LONSDALE ROAD
EGLINTON AVE. WEST
YON
GE STREET
BATHU
RST STREET
ALLEN
RD
AVA ROAD
KILLBARRY RD
OLD FOREST HILL RD
ORIO
LE PKWY
404 Spadina Road
Property Photos
Avison Young Multi-Residential Group
FOR SALE | RESIDENTIAL DEVELOPMENT SITE4674 Kingston Road | Toronto, ON
4 10 Prince Arthur Avenue North Drive 29% 8 28 3.81x $1,942 Nov-20 Nov-23
5 859 Eglinton Ave W. Centre CourtDevelopments 99% 15 331 7.23x $1,378 Oct-19 Sep-22
Address Developer %Sold Storeys Units Asking
Price ($ psf)Opening
DateFirst
Occupancy
1 609 Avenue RoadMadison Group &
State Building 98% 19 161 $1,832.00 Nov-15 Mar-20
Developments in the Area
Completed
Active
Proposed
Spadina Road404
Avison Young Multi-Residential Group
FOR SALE | RESIDENTIAL DEVELOPMENT SITE4674 Kingston Road | Toronto, ON
Developments in the Area
Proposed
Active
Completed
12
3
45 6
7
8
1
2
3
4
1
2
404Spadina Road
8 91011
Eglinton Ave W
St. Clair Ave W
Yonge St
5
404SPADINA
ROAD
Avison Young Multi-Residential Group
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.
Avison Young Commercial Real Estate Services, LP18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724
avisonyoung.ca
OFFERING PROCESS
For more information, please contactTHE MULTI-RESIDENTIAL GROUP
All offers to be submitted directly to the Listing Agents and should be in the form of a Letter of Intent or an Agreement of Purchase and Sale and including the following:
• Address and contact info• Purchase Price• Deposit Structure• An indication of material terms required by the
purchaser• Evidence of the purchaser’s financial ability to
complete the transaction
Pricing
Additional information is available upon request and written acknowledgement of confidentiality
OFFERING PROCESSOffers will be reviewed on TBD Please contact the listing team with any questions.
