1161 O'connor Drive Toronto, Ontario M4B 2T5

$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:43934)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	E12181045
Property Type	Multi-family
Community Name	O'Connor-Parkview
Parking Space Total	8

Building

Cooling Type	Fully Air Conditioned
Heating Type	Radiant Heat
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Storm Sewer
Size Depth	38.1 M
Size Frontage	16.31 M
Size Irregular	0.15
Size Total	0.15 Ac
Size Total Text	0.15 Ac
Zoning Description	Cr2.5(c2.5;r1)*1163)

https://www.realtor.ca/real-estate/28383450/1161-oconnor-drive-toronto-oconnor-parkview-oconnor-parkview