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Welcome to 8 Casci Ave.
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This legal 6-plex is made up of 2
large 2 Bedroom apartments. Each unit is self-contained, most
with privates decks or terrace. All units are separately metered
for hydro with the majority of the tenants paying their own
heat. Many of the mechanical systems have been recently
upgraded. Located in Toronto's trendy upper beaches area,
vacancy is virtually nil. |
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8 Casci Ave |
List: |
$980,000 For Sale |
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Toronto, Ontario M4L2K3 Dist: E02 |
Map: 121-25-R |
Sale |
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Dir/Cross St: |
Coxwell & Gerrard |
Last Status: |
New |
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Plan 61E Part Blk A |
Taxes: |
$5,054.02/2010/Annual |
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Investment |
Lease Term: |
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Apartment |
Freestanding: |
Y |
Holdover: |
90 |
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Apts-6 To 12 Units |
Occup: |
Tenant |
SPIS: |
N |
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Possession: |
60Days/Tba |
Franchise: |
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Commercial Condo Fees: |
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Total Area: |
4,100 Sq Ft |
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Ofc/Apt Area: |
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Indust Area: |
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Retail Area: |
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Apx Age: |
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Volts: |
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Amps: |
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Zoning: |
Residential |
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Truck Level: |
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Grade Level: |
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Drive-In: |
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Double Man: |
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Clear Height: |
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Sprinklers: |
N |
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Heat: |
Radiant |
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Survey: |
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Lot/Bldg/
Unit/Dim: |
57.5X140 Feet Lot |
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Lot Irreg: |
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Crane: |
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Bay Size: |
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%Bldg: |
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Washrooms: |
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Water: |
Municipal |
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Water Supply: |
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Sewers: |
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A/C: |
N |
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Utilities: |
Y |
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Garage Type: |
Other |
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Park Spaces: |
#Trl Spc: |
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Soil Test: |
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Outside Storage: |
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Rail: |
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Basement: |
Y |
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Elevator: |
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UFFI: |
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Assessment: |
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Chattels: |
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LLBO: |
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Days Open: |
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Hours Open: |
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Employees: |
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Seats: |
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Bus/Bldg Name: |
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For Year: |
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Financial Statement: |
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Actual/Estimated: |
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Taxes: |
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Heat: |
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Gross Inc/Sales: |
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Est Value Inv At Cost: |
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Insur: |
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Hydro: |
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- Vacancy Allow: |
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Com Area Upcharge: |
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Mgmt: |
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Water: |
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- Operating Exp: |
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Percentage Rent: |
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Maint: |
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Other: |
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= Net Income B4 Debt: |
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Remarks For Clients: Large Detached 6-Plex In
Desirable Area. Steps To Ttc, Whort Walk To Beach, 6-2
Bedroom, Sep. Meters, All With Laundry, Decks, Parking.
Many Recent Mechanical Upgrades. Roof, Weeping Tiles,
Water Supply, Heating System. |
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Extras: 6 Fridges, 6 Stoves, 6 Washers, 6 Dryers,
Detached Garage, Smoke Detectors, Hydronic Heating
System, Low Taxes *Note: Seller/La Do Not Warrant
Retrofit Status. |
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Remarks for Brokerages: Rent: Apt#1-$1050.+Hydro,
#2-$1050+Hydro, #3-$1075+Hydro, #4-$1050+Hydro & Heat,
#5-$1125+Hydro & Heat, #6-$781.82+Hydro+Heat, Current
Gross $73,581.84, Market Value Of All Unit $1300. Apprx.
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BOSLEY REAL ESTATE LTD., BROKERAGE 416-481-6137 Fax: 416-480-2548 |
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276 Merton St., Res.Div., Toronto M4S1A9 |
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GRAHAM G. PRENTICE, Salesperson 416-481-6137 |
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Toronto Real Estate Board (TREB) assumes no responsibility for
the accuracy of any information shown. Copyright TREB 2010
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8 Casci Avenue
Current
Rent Rates:
Summary:
Apt.1: $1,050 plus hydro, heat and hot water included
Apt.2: $1,050 plus hydro, heat and hot water included
Apt.3: $1,075 plus hydro, heat and hot water included
Apt.4: $1,050 plus heat and hydro, hot water included
Apt.5: $1,125 plus heat and hydro, hot water included
Apt.6: $ 781.82 plus heat and hydro, hot water included
Monthly income:
$6,131.82
Current Annual
Gross Income: $73,581.84 (current CAP Rate of 6.39)
Market
Value:
§
Projected monthly income based on Market Rent: $7,600
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Projected income based on Market Value Rent: $91,200
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(Projected CAP Rate of 7.93)
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Apartments
#1-5 market value of $1,300 per mo.
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Apartment #6
market value of $1,100 per mo.
Utilities
Summary:
Water
2009:
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Billing
dates March 5 to June 24,2010 = $482.24
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Yearly cost =
$1446.87 approximated from previous meter readings
Solid waste
management:
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Billing
dates March 5 to June 24,2010 = $497.63
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Yearly cost =
$1492.89
Water
heater rental charge Enbridge:
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Monthly cost
= $9.98
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Yearly cost =
$119.76
Enbridge
Gas Billing:
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Estimated
monthly equal billing to be $150 per mo
Toronto
Hydro Electricity Charges:
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March 5 to
May 3 2010 =$338.50*
These electrical
charges reflect increased hydro cost using electric supplementary heating in
units #1,#2,#3, while a new Gas fired Radiant heating system was installed.
2010
Taxes:
Total
Annual Expense Summary:
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Taxes |
$5,054.02 |
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Water |
$1,446.87 |
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Waste |
$1,492.89 |
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Hydro |
$600.00 |
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Enbridge Gas |
$1,800.00 |
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Enbridge Rental |
$119.76 |
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Total |
$10,513.54 |
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BOSLEY REAL ESTATE LTD., BROKER |
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GRAHAM G. PRENTICE, Salesperson 416-481-6137
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Downtown
Toronto Real Estate