May Multifamily Listings

We're excited to share our May multifamily listings. Check them out inside!

May 3, 2024

Read Time: 2 minutes

And just like that - it's May.

Thank you to everyone who attended last Friday's "Federal Budget Breakdown" webinar. Many of you requested the recording. You can watch the full discussion [here](https://drive.google.com/file/d/1TksQ2Xo-GvvYKqxEttJN5w_9M9Sg831F/view).

(For those contemplating a transaction right now, I'll draw your attention to the tax strategies mentioned at 34:37)

Now - into the land of opportunity.

(did someone forward you this email? Sign up [here](http://www.onmultifamily.com)).

May Multifamily Listings

Below are some of the mandates we're currently working on. Call myself, Zoe Prachter, or Chris Bertucci and let's get a deal done.

1260 Webster St, London (46 Units)

Property Description: 1260 Webster Street in London Ontario presents a strategic investment opportunity. This 46-unit property comprises of 24 one-bedroom and 22 two-bedroom units, all uniquely offering separate hydro metering and equipped with forced air electric heating and A/C - a rare find in the region. The building’s efficient design and utilities cater directly to the cost-conscious investor.

Price & Process: 4.75% Cap Rate on Year 1 NOI of $439,033. Vendor is open to a VTB of up to $1,000,000. Offers to be reviewed upon receipt.

Brochure & NDA: Access the brochure [here](https://listingsprod.blob.core.windows.net/ourlistings-can/f2a6bfc0-d150-4e70-a12f-f245c5f4b505/70f7f411-737c-4dd2-bac6-83c4e47e124e) and [sign the NDA](https://apps.colliers.com/DigitalDocs/Accept/6e0d87be-dce0-4785-b7f2-41302f4cf8cb) for the full package.

1216 Shillington Ave, Ottawa (30 Units)

Property Description: With 13 of 30 units vacant - 1216 Shillington Avenue offers the unique opportunity to immediately reposition the asset and add value. Prospective buyers can use MLI select financing to maximize cashflow. This property sits on 0.46 acres of land and includes a diverse mix of 30

residential units comprising one bachelor, 28 one bedroom units, and one two-bedroom unit.

Price & Process: $6,900,000 with a preference for a quick closing. Offers being reviewed upon receipt.

Brochure & NDA: Access the brochure [here](https://mcusercontent.com/87232bcc93f1dd394870ffcbd/files/dd9b03a0-7703-c0b0-7975-a0b99010e3d9/shill.pdf) and [sign the NDA](https://apps.colliers.com/DigitalDocs/Accept/c328e825-e53c-4588-84a8-e765433e0aaf) for the full package.

80 South Forster Park Dr, Oakville (31 Units)

Property Description: Almost exclusively two and three bedroom units located in the prestigious community of Oakville, Ontario. 80 South Forster Park Drive presents an exceptional investment opportunity. This unique property features a 30-unit apartment complex alongside a two-storey detached home.

Price & Process: $11,250,000 with offers being reviewed upon receipt.

Brochure & NDA: Access the brochure [here](https://mcusercontent.com/87232bcc93f1dd394870ffcbd/files/8c3dd43e-2f3b-ad63-f188-817e2648dc85/80sf.pdf) and [sign the NDA](https://apps.colliers.com/DigitalDocs/Accept/735c0bdc-17f4-4d21-be7f-98b49d45776d) for the full package.

Coming Soon

Bathurst & College Portfolio (84 units): 4 Building portfolio comprised of beautifully refurbished bachelor units in one of Toronto's premiere downtown neighbourhoods. Conveniently located with amenities, universities, and hospitals within throwing distance.

150 Bagot St, Guelph (46 units): An attractive investment opportunity in a growing city. The property benefits from a strong rental market and its proximity to local amenities, providing strong and consistent rental growth potential.

Price & Process: Contact the listing team. We want to chat with you.

👋 P.S. I helped my clients sell $263M in 2023 ([see recent deals](https://www.collierscanada.com/en-ca/experts/dayma-itamunoala)).

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