Description
Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.
Overview
Property ID:
W12406957
Type:
Semi-Detached
Bedrooms:
3
Bathrooms:
3
Square:
1,300 m²
Price:
$1,099,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
None
Heating:
Forced Air
ParkingFeatures:
Attached
YearBuilt:
Unknown
TaxAnnualAmount:
3956
PossessionDetails:
TBD
Map
-
AddressToronto W06
Contact Agency
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