$2,899,000
 $15,562 forsale estimated payment Sourced by Back At You

40 Cavell Avenue , Toronto (Mimico), ON M8V1P2

Toronto (Mimico), ON M8V1P2

Sharewithfriend

Description

Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto (Etobicoke), an area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out ofthe 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building. **** EXTRAS **** Newer furnace and boiler (6 years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area. (id:374)

Details

MlsW9767744
Listing TypeFor Sale
StyleAttachd
StatusActive
Days On Site16
Listing Provided ByROYAL LEPAGE SIGNATURE REALTY | STEPHANIE DANIELA KNEZEVIC

Features

Beds9
Baths 6 Total
BasementY
Storys2
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 CREA. All Rights Reserved.

Request A Showing

Request A Showing

Loading Form
Listings Checked: 2 minutes ago
StateON
CityToronto (Mimico)
Zip CodeM8V1P2
Listing VS Median (in M8V1P2)
Price:
$2,899,000
low | high
Med:
$0
On Site:
16
low | high
Med:
Sourced by Back At You
Listing Updated: October 29, 2024 at 11:13:07 PM PDT