$2,899,000

For Sale
 
MLS® No:
W8355882
Intersection:
Royal York And Qew
Community:
Mimico
Address:
40 Cavell Ave, Toronto, Ontario, M8V 1P2
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  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo
  • W8355882 photo

Features

Property Type:
Multiplex
Property Style:
2-Storey
Land Size:
29.64 X 163.4Acres
Possession:
Flexible
Annual Property Taxes (estimate):
$8,256 / 2023 Tax Year
Basement:
Finished
Exterior Finish:
Brick
#Bedrooms:
9
#Bathrooms:
6
#Kitchens:
6
Garage Type:
None
#Parkings:
8
Heat Source:
Gas
Heat Type:
Radiant
Central AC:
None
Fire Place:
N
Pool:
None
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 are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. 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 of the 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.
Newer furnace and boiler (6years). 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.
Listing Contracted With: Royal Lepage Signature Realty, Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Want More Information? Contact Me Now!
 
 
 
 
 
Karina HeBrokerDirect: 416-388-8698Bus: 905-909-0101