1161 O'CONNOR DRIVE, Toronto, Ontario
$5,000,000
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:56241)
- Listing ID: E12181045
- Property Type: Multi-family
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 1161 O'CONNOR DRIVE in Toronto Ontario. It was last modified on May 29th, 2025. Contact Alkesh Patel to schedule a viewing or to discover other Toronto real estate for sale.