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 project s nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large l-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out of the 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.
Overview
Property ID:
W12110534
Type:
Multiplex
Bedrooms:
9
Bathrooms:
6
Square:
4,250 m²
Price:
$2,649,000
PropertyType:
Residential Freehold
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
None
Heating:
Radiant
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
8256
PossessionDetails:
flexible
Map
-
AddressToronto W06
Contact Agency
Write A Review
0 Reviews
0 out of 5
Featured properties
The Most Recent Estate
Selling
Multiplex
4 days ago
$3,650,000
Toronto C09, Rosedale-Moore Park
Selling
Multiplex
4 days ago
$3,788,000
Toronto C04, Lawrence Park South
Selling