Toronto, Mimico, M8V 1G6
$2,990,000
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD..
A unique opportunity to own a rarely available waterfront property only 10 minutes to downtownToronto with 60 ft frontage on Lake Ontario. The property is currently an operating triplex with 3,685 sq ft of rentable area (includes 1,025 sq ft lower-level unit). The property offers an Investor or end user an opportunity to improve/densify the existing building, hold it for an investment, or build their dream waterfront home. Lower Level is 1,025 sq ft. The 900 sq ft apt includes 1 b/r, kitchen,Living/dining room, foyer, plus the laundry and furnace room. Live in the 3-level unit and collect rent! Detached 400 sq ft rear garage. Mutual drive and rear laneway access.
Mechanical updates (200 Amps,Gas Boiler, Windows, Wiring throughout, Plumbing). Suite updates. Great potential to densify the existing building and/or add a laneway suite. The Seller will hold a VTB mortgage for qualified buyers.
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.
This property has been sold 4 times before. To view this property's sale price history please sign in or register: