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Rare investment opportunity offering a 5.1% cap rate with 32% upside in rents. VTB Available! Acquire the Iron Factory Lofts, a boutique two-storey hard loft corner building in the heart of the Junction-Davenport neighbourhood. This 11,500 SF mixed-use property features 11 authentic loft-style residential units with soaring 14-foot ceilings, exposed industrial details, abundant natural light, and private terraces, plus one ground-floor commercial retail space. The property generates a Net Operating Income (NOI) of $254,000 (inclusive of management fees, repairs & maintenance, salaries, structural reserves, and appliance reserves). This investment provides stable in-place income with significant value-add rental upside. (41718397)
Property Type
Multi-family
Building Type
Multi-Family
Annual Property Taxes
$27,237.40 (CAD)
Time on REALTOR.ca
19 days
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