Great for investor or future user in prime downtown location, steps to University of Toronto. Only 3 tenants, 1 restaurant and 2 large apartments. Net income is about $160,000.00. Fully sprinkled lane at rear, separate meter for all. About 3000 s/f main floor +3000 sq/f basement + about 2000 s/f 2nd floor. The restaurant has 3 years left on the lease. Plus a 5 years option pays $13,500 – $14,500 – $15,500 per month plus 2/3 of the property taxes. 2 multi level apartments front pays $2,300 per month no lease back pays $2000 no lease. Very high ceilings basement has a walkout to the laneway. (id:34918)
Mortgage Amount
$800,000
Down Payment Amount
$200,000
Monthly Mortgage Payment
$5,000
