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Executive Summary

This offering presents an exceptional investment opportunity to acquire a multifamily
property in a well-established and highly accessible location, west of downtown Toronto.
The Property is located in the heart of Little Italy, a vibrant neighbourhood characterized by
its charming residences and rich commercial landscape. The area is renowned for its hip
cafés, authentic restaurants, eclectic nightlife, European shops, and diverse retail services.
This historic neighborhood is also poised for further growth in the coming years. The
area’s density and foot traffic are set to rise with 3.5 million square feet of gross floor area
approved within 2 kilometres of the site. These developments, along with the Property’s
enviable location just minutes to the city’s Financial Core, will continue to draw urban
professionals and businesses to the area.

Property Facts

Price $7,766,543 USD
Price Per Unit $242,704 USD
Sale Type Investment
Cap Rate 4.30%
No. Units 32
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 12,500 SF
No. Stories 3
Year Built 1910
Zoning CR

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 32 - -
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
  • Listing ID: 31221718

  • Date on Market: 9/1/2021

  • Last Updated:

  • Address: 677 College St, Toronto, ON M6G 1B9

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