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
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.
