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28A Third Street
New Toronto Toronto M8V 2X6

$3,195,000 /For Sale
Commercial

Main Photo: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 1: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 2: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 3: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 4: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 5: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 6: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 7: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 8: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 9: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 10: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 11: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 12: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 13: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 14: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Photo 15: 28A Third Street in Toronto: New Toronto Property for sale (Toronto W06)  : MLS®# W10422788
Status:
Active
Prop. Type:
Commercial
MLS® Num:
W10422788
Bus Major:
Apts-6 To 12 Units
2.91% assumable mortgage due June 2030 with an extremely low monthly payment of only $7,988! This turn key six-plex contains 5-two Bedroom units and 1-bachelor unit. Building and units were fully renovated in 2019, down to the studs. All units fully renovated throughout with quality, long lasting finishes including new kitchen, bathrooms, radiators, floors, appliances, in-wall AC units and in-suite washer/dryer. The building has new electrical & plumbing throughout, furnace, on-demand hot water, FOB entry and security cameras. Essentially a no maintenance building. All units fully tenanted, at market rent. A once in a lifetime opportunity to go back in time and buy with low rates. Individual hydro meters. 5 car parking. $500,000 of interest rate savings over the remaining term of the mortgage (5 years) using todays rates.
Property Type:
Commercial
Commercial Type:
Investment
Depth:
57'
Frontage:
50'
Total Area:
3,648 sq. ft.
Zoning:
Residential Multiplex
Heating type:
Water Radiators
Garage:
None
Possession Details:
TBD
Taxes:
$6,903 / 2024
Assessment:
$- / -
New Toronto
Mortgage of $2,100,000 at 2.91% monthly payments of $7,988 due June 1st, 2030. Original amortization of 40 years. Total sq. ft. of 3,648 as per floor plans includes. All units are renovated the same as the unit in the photos.
Utilities:
Y
Water supply:
Municipal
Seller Property Info Statement:
No
Air Conditioning:
Y
Log/Bldg/Unit Code:
Lot
Type Taxes:
Annual
Category:
Apartment
Major Business Type:
Apts-6 To 12 Units
Financial Statements:
Yes
Freestanding:
Yes
Gross income:
$154,968
Expenses Actual/Estimated:
Estimated
Heating Expenses:
4674
Hydro Expenses:
867
Insurance Expenses:
5365
Tax Expenses:
$6,903
Water Expenses:
$3,930
Year Expenses:
2024
Net Income Before Debt:
$133,229
Date Listed:
Nov 14, 2024
Original Price:
Previous Price:
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Listed by BRAD J. LAMB REALTY 2016 INC.
Data was last updated January 2, 2025 at 07:55 PM (UTC)
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This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.