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Apartment Building For Sale at 725 DOVERCOURT RD in Toronto, Ontario

4 Sale ID #184210
Updated 02 Mar 2024

Asking Price

$1,959,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

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Lot Size

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Building Size

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Premise Summary

The perfect opportunity for investors and users to invest in a corner gem situated in Little Italy. This professionally maintained mixed-used building incl 1 com unit and 4 rooms apart. The main-level commercial space offers one storefront with excellent corner exposure and access to the busy foot trafc of Bloor and Dovercourt. The second and third level of the property is designed with 4 room units. Prime location and incredible exposure are desirable for easy rentals and high demand for its commercial space, which contributes to the overall value of the building. The location is famous for its charismatic neighbourhood, lively nightlife, and great transit options**** EXTRAS **** *****Email both LA for Feature Sheet Package**** (id:39198)

  • MLS® : #C6746612
  • Date Listed : 15 Aug 2023

Location

Province

Ontario

City

Toronto

Address

725 Dovercourt Rd

Postal Code

M6H2W7

Location Highlights

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Listed by

ROYAL LEPAGE SIGNATURE REALTY Ontario listing

Category

apartment-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

2,250

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

N/A

Financial Information

Yearly Rate

$1,959,900

Asking Price

$1,959,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

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Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

2,250

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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