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.
Address
40 Cavell Avenue
List Price
$2,799,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Area
Toronto W06
Sub-Area
Mimico
County
Toronto
Bedrooms
9
Bathrooms
6
Lot Depth
163.4
Lot Size Units
Acres
Lot Width
29.64
MLS® Number
W9767744
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
Finished
Postal Code
M8V 1P2
Parking
Available
Parking Places (Total)
8
Tax Amount
$8,256.00
Tax Year
2023
Interior Features
Other
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Brick
Direction Faces
North
Foundation Details
Unknown
Garage Type
None
Kitchens Total
6
Pool Features
None
Roof
Unknown
Sewer
Sewer
