231 MELROSE STREET

Toronto (Mimico), Ontario, M8Y1B8, Canada

$3,199,900

A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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.

EXTRAS 2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.

Last updated on : Thursday 12th of September 2024 02:38:22 PM

ADDRESS

Street : 231 MELROSE STREET

City : Toronto (Mimico)

Province : Ontario

Country : Canada

Postal Code : M8Y1B8

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PROPERTY SUMMARY

Property ID : W9297693

Building Type : Other

Property Type : Multi-family

Bedrooms : 9 + 6

Bathrooms : 9

Parking : 9

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