Matthew Tenk
Broker of Record
40 Cavell Avenue Toronto (Mimico), Ontario M8V 1P2
$2,899,000
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:39551)
Property Details
| MLS® Number | W9767744 |
| Property Type | Multi-family |
| Community Name | Mimico |
| Parking Space Total | 8 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 9 |
| Bedrooms Total | 9 |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Frontage | 29.64 M |
| Size Irregular | 29.64 X 163.4 Acre |
| Size Total Text | 29.64 X 163.4 Acre |
https://www.realtor.ca/real-estate/27593689/40-cavell-avenue-toronto-mimico-mimico
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Toronto Real Estate Board
Royal LePage Signature Realty
October 29 2024 07:52:29
