40 CAVELL AVENUE new

Toronto (mimico),ON M8V1P2

$ 2899000

9 Beds

6 Baths

0 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Mimico

MLS Listing ID W9767744

Bedrooms 9

Originating Board Toronto Regional Real Estate Board

Property 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:24570)

Location

Province ON

Interior

Heating Radiant heat

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 8

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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