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Toronto W02, ON M6S 2G9,46 Montye AVE
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Toronto W02, ON M6S 2G9,46 Montye AVE
Toronto W02, ON M6S 2G9,46 Montye AVE
Toronto W02, ON M6S 2G9,46 Montye AVE
Toronto W02, ON M6S 2G9,46 Montye AVE
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 6,395,000
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46 Montye AVE Toronto W02, ON M6S 2G9

6,027 SqFt

UPDATED:

09/20/2024 05:08 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 6,027 sqft

Price per Sqft $1,061

MLS Listing ID W9360454

Annual Tax Amount $17,890

Tax Year 2024

Property Description

46 Montye Avenue is a 13-unit, turnkey investment opportunity with attractive assumable CMHC financing. 9 of the 13 units have been fully renovated with condo quality finishes. The property NOI is approximately $258,000, and the 1st position assumable CMHC loan is $4,250,123 at 4.10% interest with a 50 year amortization, maturing in December, 2034. This opportunity offers predictable and steady cash flows, with further additional rental upside yet to be achieved through the 4 units that haven't been turned over. The building is immaculately maintained with little to no near term capital expenditure to worry about.

Location

Province ON

County Toronto

Zoning RM(f12;u2;d0.8*252)

Interior

Cooling No

Exterior

Utilities Available Yes

Listed by CUSHMAN & WAKEFIELD
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