CONNECTED LOCATION
The Property is located in Toronto’s trendy and revitalized Junction neighbourhood with a number of new restaurants, bars, and breweries as well as Dovercourt Village. The Property is also located approximately 1.5 kilometers away from both the Dundas West TTC Subway Station and Bloor GO Train station. The neighbourhood is undergoing a period of revitalization, with a tremendous amount of developments underway and proposed.
NEW CONSTRUCTION
2016 Construction reduces any near to medium term capital expenditures requirements and potential in-suite improvements on tenant turnover.
STABILIZED REVENUE STREAM WITH UNREALIZED UPSIDE
Strong in-place income. A hands on management approach has elevated in-place rents. Units are separately metered and side-by-side assets allow for management efficiencies,
further reducing the total expenses per unit. Additional Rental upside yet to be achieved. Average in place rents are currently $2,066.77, whereas average market rents are
between $2,300 - $2,500, creating approximately 25% of rental upside on tenant
