290 Morningside Ave
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290 Morningside Ave
106 Unit Apartment Building For Sale Toronto, ON M1E 3G1
Investment Highlights
- 6-storey apartment building on 2.16 acres
- Great suite mix - 79% two and three bedroom units
- Approx. 110% rental upside
Executive Summary
290 Morningside Ave. (“The Property”) is located at the nearest major intersection of Morningside Ave. and Kingston Rd., in Scarborough. Scarborough is one of Toronto’s fastest growing nodes with an abundance of amenities including Morningside Crossing Shopping Centre, The Scarborough Bluufs, Colonel Danforth Park, and The Toronto Pan Am Sports Centre. The University of Toronto Scarborough Campus is a short distance from the Property. Regional transit can be accessed by the nearby Guildwood GO station.
Property Facts
Sale Type | Investment | Lot Size | 2.61 AC |
No. Units | 106 | Building Size | 110,052 SF |
Property Type | Multifamily | Average Occupancy | 100% |
Property Subtype | Apartment | No. Stories | 6 |
Apartment Style | Mid Rise | Year Built | 1960 |
Building Class | C | Parking Ratio | 1.18/1,000 SF |
Sale Type | Investment |
No. Units | 106 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 2.61 AC |
Building Size | 110,052 SF |
Average Occupancy | 100% |
No. Stories | 6 |
Year Built | 1960 |
Parking Ratio | 1.18/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 8 | - | 450 |
1+1 | 14 | - | 650 |
2+1 | 72 | - | 775 |
3+2 | 12 | - | 1,050 |
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zoning
Zoning Code | RA |
RA |
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290 Morningside Ave
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