40 Cavell Ave, Toronto MLS Number: W9767744
Mimico, Toronto, ON, M8V 1P2$2,799,000
Status: For Sale
- 9+ Beds
- 6 Baths
- Property Type: Residential (Multiplex)
- Property Taxes : $8256.00 (Tax Year:2023)
- Listing Courtesy : Royal Lepage Signature Realty
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$2,799,000
Status: For Sale
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.
Property Type | :Residential |
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MLS Number | :W9767744 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :14 Feb, 2025 (9 Days ago) |
Source | :TRREB |
Area | :Toronto |
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Postal Code | :
M8V 1P2
|
Price | : $2,799,000 |
---|---|
Property Taxes | :$8256.00 |
Tax Year | :2023 |
---|
Bedrooms | :9 + |
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No. of Rooms | :27 |
Air Conditioning | :None |
Heating | :Radiant |
Place of Worship | :No |
Cross Street | :Royal York and QEW |
Bathrooms | :6 |
---|---|
Fuel | :Gas |
Virtual Tour | :Virtual Tour (External Link) |
Exterior Finish | :Brick |
---|---|
Parking Space | :8 |
Basement | :Finished |
Garage | :None |
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30 Jan, 2025
TREB #W9767744
Price Change, Available
$2,799,000
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