40 CAVELL AVENUE

Toronto (Mimico), Ontario, M8V1P2, Canada

$2,899,000

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 projects nearby. 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 ofthe 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.

EXTRAS Newer furnace and boiler (6 years). 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.

Virtual Tour: https://tours.vision360tours.ca/40-cavell-avenue-etobicoke/

Last updated on : Tuesday 29th of October 2024 03:52:29 PM

ADDRESS

Street : 40 CAVELL AVENUE

City : Toronto (Mimico)

Province : Ontario

Country : Canada

Postal Code : M8V1P2

Open in Google Map

PROPERTY SUMMARY

Property ID : W9767744

Building Type : Other

Property Type : Multi-family

Bedrooms : 9

Bathrooms : 6

Parking : 8

Similar Properties

Multi-family

114 ERB Street W

Waterloo, Ontario, N2L1T5

$899,000

Beds: 9Baths: 3

property Type: Triplex

type: Sale

MIKE MILOVICK
1 month ago

DETAILS

Multi-family

163 JOHN Street

Harriston, Ontario, N0G1Z0

$1,199,900

Beds: 9Baths: 5

property Type: Fourplex

type: Sale

Sue Bolognone
1 month ago

DETAILS

Multi-family

130 DOROTHY Street

Welland, Ontario, L3B3V9

$737,500

Beds: 9Baths: 4

property Type: Fourplex, Detached

type: Sale

James Maggs
5 months ago

DETAILS

Multi-family

527 KINGSTON ROAD

Toronto (The Beaches), Ontario, M4L1V5

$2,499,000

Beds: 9Baths: 6

property Type: Other

type: Sale

JACOB CAMPAGNARO
5 days ago

DETAILS

Multi-family

1800+ FIFTH STREET

St. Catharines, Ontario, L2R6P9

$2,100,000

Beds: 9Baths: 5

property Type: Other

type: Sale

CHRISTOPHER MICHAEL CRADDOCK
1 month ago

DETAILS

Inquire about this property