19 Lewis Street
South Riverdale
Turn-Key Property with 3 Self-Contained Units in Toronto’s next Hottest Neighbourhood, East Harbour!
Why this property is a good investment
Located in Toronto’s next hottest neighbourhood, East Harbour!
- East Harbour will span 38-acres just east of downtown, including 9-acres of proposed green space and 10 million square feet of commercial development
- Plans to accommodate 50,000+ jobs
- New transit hub with significant connections to local and regional transit – TTC, GO Train and the future Ontario subway line
- For more information on East Harbour visit www.eastharbour.ca
- Photo
Location
- Closest major intersection: Broadview Ave and Eastern Ave
- 4-minute walk to Queen St streetcar and less than a 15-minute ride to downtown
- Quick access to the DVP and Gardiner
- Steps to trendy Queen St and Leslieville
- Minutes from everything young professionals want including restaurants, bars, cafes, parks, farmers markets, transit and more
- Walk Score of 78 – very walkable
- Transit Score of 91 – rider’s paradise
- Bike Score of 98 – biker’s paradise
Opportunity
- Vacant property with the opportunity to set your own rents
- Turn-key so you can start collecting rent on day one
- All units have their own outdoor spaces which will put these units above others for attracting tenants
- Three self-contained units provide extra rental income vs. one single-family residence rental
- Two parking spaces
The Units
1. Upper Floor
- 1 bed + 1 bath
- Walkout to private balcony
- Market rent: Approx $1,900/month + utilities
2. Main Floor
- 1 bed + 1 bath
- Walkout to private deck
- Market rent: Approx $1,850/month + utilities
3. Lower Floor
- Studio + 1 bath
- Walkout to separate patio space
- Market rent: Approx $1,500/month + utilities
Next Steps
Contact your Volition team member or send an email to info@volitionprop.com to discuss how this property fits into your real estate investing goals. Hurry, offers are being accepted Thursday, May 6!
1,350,000
Asking Price
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
Key Details
Status
Sold
Asking Price
1,350,000
Predicted Selling Price
1,350000
Initial Investment
Monthly Rents
Monthly Expenses
Monthly Mortgage
Monthly Cashflow
ROI
VIP Property Analyzer
Initial Investment Required
$320,925
Monthly Rents
$5,250
Monthly Expenses
$ 978
Monthly Mortgage Payment
$ 3,885
Monthly Cashflow
= Rent - Expenses - Mortgage
$ 387
Investment Analysis
Cash-on-Cash ROI
1 year Cashflow
Annualized Cash-on-Cash ROI
Equity-on-Cash ROI
1 year Mortgage Paydown
Annualized Equity-on-Cash ROI
Appreciation-on-Cash ROI
1 year Appreciation Return
Annualized Appreciation-on-Cash ROI
Total Annual Return
Total 1 year Profit
Total 1 year Annual ROI
Capitalization Rate
0%
Location
19 Lewis St, Toronto, ON