170 Sentinel Rd Immeuble residentiel 60 lots À vendre Toronto, ON M3J 1T7

170 Sentinel Road offers investors a rare opportunity to acquire a purpose-built, mid-rise multifamily asset in one of Toronto’s most resilient rental corridors. Located in North York, this 60-suite residential apartment building sits on a substantial 1.62-acre lot and features a solid concrete structure with exterior masonry walls. Built circa 1967, the property has been well maintained and is ideally positioned for value-add repositioning and long-term growth.
The suite mix is highly attractive, with nearly 70% of units being two-bedroom layouts, each offering spacious floor plans, private balconies or walk-out terraces, and abundant natural light. Current rents are significantly below market, creating a clear path for rental growth through cosmetic upgrades and tenant turnover. Operational efficiencies are already underway, with 26 suites separately metered through WYSE Metering Solutions, allowing for direct utility cost recovery.
Strategically located within walking distance of York University and minutes from Downsview Park and Finch West TTC subway stations, the property benefits from exceptional transit connectivity. Major highways including the 400, 401, and 407 are easily accessible, enabling seamless travel across the Greater Toronto Area and direct access to downtown Toronto and Pearson International Airport.
The offering includes an assumable CMHC-insured first mortgage at a highly attractive 1.64% interest rate, maturing in August 2030, with the potential for additional pari-passu financing. This capital structure provides investors with low-cost debt and flexibility to optimize returns. With stabilized income, substantial upside, and proximity to major institutions, 170 Sentinel Road is a compelling acquisition in a supply-constrained rental market.