46 Montye AVE Active Save Request In-Person Tour Request Virtual Tour
Toronto W02,ON M6S 2G9
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
State ON
County Toronto
Zoning RM(f12;u2;d0.8*252)
Interior
Cooling No
Exterior
Utilities Available Yes
Parking Type None