for sale...click here for virtual tour 7-storey, 78-unit apartment building 143 main street south...
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96 TRETHEWEY DRIVE | YORK, ON12-Un i t Apar tment Bu i ld ing
For more information and to discuss pricing please contact The Multi-Residential Group:
Neil Musselwhite†
Vice [email protected]
Jonathan Hittner*Vice [email protected]
David Lieberman†, [email protected]
Premium apartment building situated on large lot Proximity to Brampton Gateway Terminal and major highwaysSteps from Brampton MallClick here for Virtual Tour
7-STOREY, 78 -UNIT APARTMENT BUILDING
143 Main Street SouthBrampton, ON
*Broker † Sales Representative
Eamonn McConnell†
For Sale
Please visit our website: www.gtamultifamily.com
Existing Building Details
143 Main Street South
• Great suite mix with large units• Potential to add units• Significant cash flow with lots of upside• Ideally located with easy access to major Highways• and transit routes• Proximity to Brampton GO Station and future Metrolinx
Hurontario LRT Stop (Brampton Gateway Terminal)
Sale Highlights Opportunity Avison Young has been mandated to advise and manage the
sale of 143 Main Street South, Brampton, ON (the “Property”).
This is a unique opportunity to acquire a high-demand
apartment building along Brampton’s main artery.
Address 143 Main St. S, Brampton, ON
Description 7-storey, 78-unit apartment building
Built Circa 1964
Site Area 1.35 acres (70,000 sf)
Suite Mix6 Bachelor 32 One Bedrooms 40 Two Bedrooms
Elevators 2 passenger elevators modernized in 2012
Parking 80 above grade parking stalls
Roof Built-up roof (Replaced 2002)
Domestic Hot WaterRaypak natural gas fired boiler (2015) with 3 RheemRudd storage tanks (2012)
Laundry5 electrical washing machines & 6 natural gas-fired dryers (owned)
HVAC2 natural gas-fired boilers (1991) distributing heat via perimeter hydronic radiators
Windows 2008
YEAR 1 PROJECTED NOI
Rental Revenue
Total Rental Revenue $ 1,127,346
Vacant Allowance (0.50%) $ 5,637
Market Rent Reversion Upside $ 70,782
Lockers $ 5,580
Laundry $ 18,720
Total Revenue $ 1,216,792
Operating Expenses
Property Taxes $ 146,312
Insurance $ 27,300
R&M $ 66,300
Water & Waste $ 30,410
Gas $ 41,208
Hydro $ 45,274
Wages & Benefits $ 50,700
Management Fee $ 48,185
Total Operating Expenses $ 455,689
NET OPERATING INCOME $ 761,103
Proforma
TBU
143 Main Street South
Interior Photos
BRAMPTONLocated North-West of downtown Toronto and minutes from the Toronto Pearson Airport, Brampton has become one of the fastest growing cities in Canada. With a population of over 700,000 people, Brampton is also known to be one of the largest multicultural cities in Ontario.
It is a city filled with a wide range of amenities including restaurants, parks, stores, festivals and many more. It is home to Sheridan Insititue, which is known internationally for their computer animation programs.
Cenntenial Park
143 MAIN 143 MAIN STREET SOUTHSTREET SOUTH
Main Street South143Queen Stre
et West
Queen Street W
est
Main Street South
Main Street South
Kennedy Road South
Kennedy Road South
Steeles Avenue East
Steeles Avenue East
Peel Village Golf Course
Gage Park
The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.
*Broker † Sales Representative
For more information, please contactTHE MULTI-RESIDENTIAL GROUP
David Lieberman†, [email protected]
Jonathan Hittner*Vice [email protected]
Neil Musselwhite†
Vice President [email protected]
Avison Young Commercial Real Estate Services, LP, Brokerage18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724
avisonyoung.ca
The property is being offered for sale "Unpriced."
All expressions of interest may be submitted in the form
of a Letter of Intent or an Agreement of Purchase and Sale and should include the following:
• Address and contact info• Purchase Price• Deposit Structure• An indication of material terms required by the
purchaser• Evidence of the purchaser’s financial ability to complete
the transaction
Pricing
Additional information is available upon request and written acknowledgement of confidentialityOffers will be reviewed on February 18th, 2021.
Please contact the listing team with any questions.
OFFERING PROCESS
Eamonn McConnell†
Main Street South
Main Street South
Please visit our website: www.gtamultifamily.com
143 Main 143 Main Street SouthStreet South