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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
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

zoning

Zoning Code RA
RA
  • Listing ID: 29623955

  • Date on Market: 2023-09-26

  • Last Updated:

  • Address: 290 Morningside Ave, Toronto, ON M1E 3G1

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