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$5,000,000
Ontario,Toronto (O'Connor-Parkview)
For Sale Active
1161 O'CONNOR DRIVE, Toronto (O'Connor-Parkview), Ontario M4B2T5
Contact Seller
(647) 808-3467
Basic Details
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

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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: E12181045
  • Price: $5,000,000
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 299944
Features & Appliances
Features
  • Heating System: Radiant heat
  • Cooling System: Fully air conditioned
  • Sewer: Storm sewer
Address Map
  • Location: CA, Ontario, Toronto (O'Connor-Parkview), M4B2T5
  • Street: O'connor
  • Street Number: 1161
  • Street Suffix: Drive
  • Longitude: W80° 41' 32.4''
  • Latitude: N43° 42' 42.9''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 0.15
  • Business Type: Residential
Financial
  • Tax Annual Amount: 20100.3
Powered by REALTOR.ca
Listing updated: 2025-10-13 17:59:52
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Listing Information
  • List Agent Key: 2241186
  • List Office Key: 299944
  • Modification Timestamp: 2025-05-29T19:05:37Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2025-05-29T18:52:02Z
Powered by REALTOR.ca
Listing updated: 2025-10-13 17:59:53

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