Asking Price $10,600,000
$73,000 per suite
6.75% Cap Rate
Steps from LRT station . Rental upside potential . Many recent upgrades

This building offers stable income with great upside potential. The unit mix is desirable, the rents in place are below market, and the asking rents are conservative, all of which result in minimal vacancy. Actual 2008 vacancy loss was only 0.6%.

Built in 1968, the building is of concrete frame construction, with one level of underground parking. Heating is via gas-fired boilers with a hot water radiator system. The owners have reported investing approximately $2,000,000 in recent upgrades, including roof, windows, balconies, balcony railings, underground parking garage, etc.

The building is within walking distance of the LRT, and has excellent access to community services and facilities, schools and shopping.

Click on the links below for the following forms:

• For a printable pdf version of this information

• For a copy of the Purchaser Acknowledgement and Waiver Form P.G.G.

• For a copy of the Purchaser Acknowledgement and Waiver Form for Co-operating Brokers

• For a copy of the Co-Operating Broker Form

• For a copy of the Buyer Representation Agreement

Pierre Gagné Broker of Record Tel: 416.955.1885 x228 Email: pierre@gagnerealestate.ca

Chad Gemmell Sales Representative Tel: 416.955.1885 x226 Email: chad@gagnerealestate.ca

1. Limitations and Disclaimer - The sale of the Property will be on a “purchaser’s due diligence” basis. Prospective purchasers are responsible for satisfying themselves, through whatever verification or due diligence process they determine is necessary, as to the accuracy and completeness of any information and as to the potential of the Property. Neither the Vendor nor P.G. GAGNÉ COMMERCIAL REAL ESTATE CORP., Brokerage (PGG) makes any representation or warranty, whether express or implied, as to the accuracy or completeness of any such material, information, reports or statements. The Vendor and PGG expressly disclaim any and all liability for any errors or omissions in all information, material, reports or any other written or oral communication obtained by, given to or made available to any prospective purchaser. The Vendor reserves the right to remove the Property from the market at its discretion. 2. Brokerage Disclosure - It is understood that PGG acts as the Listing Brokerage for the Vendor and owes to the Vendor a fiduciary duty and will be compensated by the Vendor. Vendor has agreed to the possibility that PGG, while representing the best interest of the Vendor, may introduce the Property to and provide services to one or more purchasers in accordance with the offering process. 3. Co-Operating Brokerage - Unless advised otherwise in writing, it shall be conclusively deemed that any cooperating brokerage involved on behalf of a prospective purchaser will act as representative of the purchaser. Co-operating brokerages will be required to register their client.