40 Cavell AVE Active

Toronto W06,ON M8V 1P2

$ 2899000

9 Beds

6 Baths

- SqFt


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

Province 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

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