High brick block
  • Toronto
  • Ontario
  • Canada
  • Residential
  • September 2022

East York Apartments

A well-located multi-family complex with easy access to downtown Toronto.

High brick block

Playground between the blocks

About the property

Built in 1974 and most recently renovated in 2021, East York Apartments is a 15-story high-rise apartment building, providing 253 residential units, including 16 townhomes. The building is located in Toronto’s East York borough, overlooking Taylor Massey Creek, and enjoys easy access to Toronto downtown and financial core via the Bloor-Danforth subway line and the Don Valley Parkway. The neighbourhood is amenity rich and close to retail stores and restaurants, as well as local schools and community parks.

Investment rationale

The property is also in excellent physical condition having been institutionally managed by one of Canada’s largest rental housing providers for two decades and occupancy currently stands at 96%. The Canadian value-add investments team believes that East York Apartments offers strong income growth potential through programed suite renovations on apartment turnover. In-place rents across the asset are significantly below current market rents.

Gallery

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Playground between the blocks
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View on the city with full of the lights

East York Apartments is a Canadian value-add investment

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Important information

The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.