665-667 Manning Ave 5 Unit Apartment Building $3,749,888 CAD ($749,978 CAD/Unit) 5.42% Cap Rate Toronto, ON M6G 2W3
INVESTMENT HIGHLIGHTS
- Access to public transit
- Access to highways
- Strong NOI/CAP rate
- City views
- Large Windows
- High Exposure Location
EXECUTIVE SUMMARY
This fully tenanted, income-generating 5-unit multifamily property offers an outstanding opportunity in one of Toronto’s most sought-after neighborhoods. Each self-contained unit has been thoughtfully maintained and updated, featuring a mix of spacious one- and two-bedroom layouts that attract quality tenants and ensure consistent rental income.
Located just steps from public transit, shopping, parks, and top-rated schools, the building sits in a high-demand area with limited supply and excellent appreciation potential. Whether you’re an investor looking to expand your portfolio or seeking a long-term asset in Toronto’s thriving rental market, this property checks all the boxes.
Located just steps from public transit, shopping, parks, and top-rated schools, the building sits in a high-demand area with limited supply and excellent appreciation potential. Whether you’re an investor looking to expand your portfolio or seeking a long-term asset in Toronto’s thriving rental market, this property checks all the boxes.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $3,749,888 CAD |
| Price Per Unit | $749,978 CAD |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Building Size | 4,995 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1940/2018 |
| Zoning | CR - Zoning: CR 3.0 (c1.5; r2.5) SS2 (x1438) – Allows for commercial and residential uses Height Allowance: 16m max height (current structure: 10.52m |
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Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (94)
Bike Score®
Biker's Paradise (100)
CONTACT
-
Addy Saeed -
Re/max Gold Realty Inc., Brokerage
