231 Melrose Street No longer available

Toronto, Mimico, M8Y 1B8

$3,699,900

Description

Listed by RIGHT AT HOME REALTY.

Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 3 1-Bedroom Units. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-side On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.

9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A, VTB Mortgage Available.

Location

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  • Address: 231 Melrose Street
  • Neighborhood: Mimico
  • City: Toronto
  • State: Ontario
  • Postal Code: M8Y 1B8

Property Details

  • Property ID: W8338822
  • Property Price: $3,699,900
  • Style: Multiplex, 2-Storey
  • Sq/Ft: 5000+
  • Rooms: 39
  • Bedrooms: 9+6
  • Bath: 9
  • Parking Spaces: 9
  • A/C: Window Unit
  • Basement: Finished
  • Den: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $15,801.15 (2023)
  • Lot: 125.00x50.00 (Feet)

Property History

This property has been sold 1 time before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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