40 Cavell Avenue No longer available

Toronto, Mimico, M8V 1P2

$2,899,000

Description

Listed by ROYAL LEPAGE SIGNATURE REALTY.

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 are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. 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 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.

Newer furnace and boiler (6years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area.

Location

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  • Address: 40 Cavell Avenue
  • Neighborhood: Mimico
  • City: Toronto
  • State: Ontario
  • Postal Code: M8V 1P2

Property Video

Property Details

  • Property ID: W8355882
  • Property Price: $2,899,000
  • Style: Multiplex, 2-Storey
  • Rooms: 27
  • Bedrooms: 9
  • Bath: 6
  • Parking Spaces: 8
  • Basement: Finished
  • Den: Y
  • Exterior: Brick
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $8,256.00 (2023)
  • Lot: 163.40x29.64 (Acres)

Property History

This property has been sold 4 times 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