40
See all 40 photos
$2,649,000
Est. payment /mo
9 Beds
6 Baths
New
40 Cavell AVE Toronto W06, ON M8V 1P2
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision Mimico
MLS Listing ID W12110534
Style 2-Storey
Bedrooms 9
Annual Tax Amount $8,256
Tax Year 2024
Property Sub-Type Multiplex
Property 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.
Location
State ON
County Toronto
Community Mimico
Area Toronto
Rooms
Family Room Yes
Basement Finished
Kitchen 6
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Unknown
Lot Frontage 29.64
Lot Depth 163.4
Total Parking Spaces 8
Building
Foundation Unknown
Others
Virtual Tour https://tours.vision360tours.ca/40-cavell-avenue-etobicoke/
Listed by ROYAL LEPAGE SIGNATURE REALTY