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15 Burrard Rd

4 Unit Apartment Building $2,324,900 CAD ($581,225 CAD/Unit) 5.06% Cap Rate Toronto, ON M9W 3T1

Investment Highlights

  • Separately Self-Contained Units
  • No Common Building Area
  • Modern Design
  • Individual Meters
  • Stainless Steel Appliances
  • High-Demand Location

Executive Summary

Stunning Legal Fourplex with estimated gross rents of $117,273 and cashflow of approximately $814 per month. Four separately self-contained units with private entrances, separated utilities, onsite parking and in-unit laundry. Top floor units consists of 2 bedrooms plus den and 2 bathrooms (1 ensuite). Main floor unit offers 2 bedrooms and 2 bathrooms (1 ensuite) with large storage room. Lower floor offers two - 1 bedroom and 1 bathroom units. Situated a short distance from downtown Toronto, property offers quick access to 401, shopping, Costco, GO transit and North Etobicoke anchor development. Financials available upon request.

Financial Summary (Pro forma - 2024)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $126,000 $30.52
Other Income - -
Vacancy Loss - -
Effective Gross Income $126,000 $30.52
Taxes $6,022 $1.46
Operating Expenses $2,705 $0.66
Total Expenses $8,727 $2.11
Net Operating Income $117,273 $28.41

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual $126,000
Annual Per SF $30.52
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $126,000
Annual Per SF $30.52
Taxes (CAD)
Annual $6,022
Annual Per SF $1.46
Operating Expenses (CAD)
Annual $2,705
Annual Per SF $0.66
Total Expenses (CAD)
Annual $8,727
Annual Per SF $2.11
Net Operating Income (CAD)
Annual $117,273
Annual Per SF $28.41

Property Facts

Price $2,324,900 CAD
Price Per Unit $581,225 CAD
Sale Type Investment
Cap Rate 5.06%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.12 AC
Building Size 3,300 SF
Average Occupancy 50%
No. Stories 3
Year Built 2023
Parking Ratio 1.21/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Storage Space
  • Washer/Dryer
  • Heating
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Yard
  • Dining Room
  • Loft Layout

Site Amenities

  • Controlled Access
  • Smoke Free
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Storage Space
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 $3,100 CAD 1,100
2+2 1 $3,000 CAD 1,100
1+1 2 $2,200 CAD 550
Walk Score ®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code Residential (RM (U3) (X18))
Residential (RM (U3) (X18))
  • Listing ID: 34300994

  • Date on Market: 2024-12-27

  • Last Updated:

  • Address: 15 Burrard Rd, Toronto, ON M9W 3T1

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