For Sale: 147-Unit Apartment Building In Scarborough Midland/Scarborough Bluffs Park (Toronto, Ontario, CA ) Built

$47,000,000

Dencor Realty, Inc.

Dennis Alexander Dennis Alexander (844) 953-1100 Ext 1 (Office) (416) 953-1100 (Cell) (416) 410-1100 (Fax) Request More Info

  • Type: Residential
  • Style: Apartment
  • Development Level: Built
  • Lot Size: 2.062 acres

Description

147 Unit Apartment Building on 2 Acres
85% two and three bedroom units

Tremendous rental upside - 83% gap to market rents

Established rental node with future surrounding developments

5-minute walk to TTC Subway Station

This is an exceptional opportunity to acquire a value-add apartment building ideal for large families in a rapidly developing neighbourhood.
Sale Highlights
Approximately 83% upside on in-place rents Opportunity to reduce building’s operating costs Located in a growing neighbourhood
Convenient access to highways, TTC, and GO Transit Steps to shopping, schools, and religious institutions

The subject property is ideally located between the two neighbourhoods leading Toronto’s growth, The Golden Mile District and Scarborough City Centre. Both neighbourhoods will be transformed into complete mixed-use communities, providing tenants with a diverse array of amenities, shopping centres, and restaurants within a 10 minute drive. The property has superb accessibility with multiple bus routes at its front door and is a short walk from the Lawrence East TTC station.

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Information is deemed to be correct but not guaranteed.

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