$ 2,899,000
40 Cavell AVE Toronto W06, ON M8V 1P2
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,899,000
Est. payment /mo
New
40 Cavell AVE Toronto W06, ON M8V 1P2
9 Beds
6 Baths
UPDATED:
10/29/2024 06:14 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID W9767744
Style 2-Storey
Bedrooms 9
Annual Tax Amount $8,256
Tax Year 2023
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.
Location
State ON
County Toronto
Area Mimico
Rooms
Family Room Yes
Basement Finished
Kitchen 6
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Available
Garage Spaces 8.0
Pool None
Waterfront No
Roof Type Unknown
Parking Type None
Total Parking Spaces 8
Building
Foundation Unknown
Listed by ROYAL LEPAGE SIGNATURE REALTY