40 Cavell Ave Toronto, Ontario M8V 1P2
$3,079,000
Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in 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 secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Modern Upgrades to majority of units, hallways, stairs and exterior. Separately metered units (7), Coin Laundry for added income, Expansive Rear Parking - 8 spots. Opportunity to add units to existing structure, Large Tenant Green space in Front Yard. Steps to Mimico GO Station, QEW, Lakeshore, Parks, Schools, San Remo's. High Return, Minimal Management turn-key building. Fire Inspection 2021. See agent for Income.**** EXTRAS **** Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade. (id:55349)
Property Details
| MLS® Number | W7314004 |
| Property Type | Multi-family |
| Community Name | Mimico |
| Parking Space Total | 8 |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 9 |
| Bedrooms Total | 9 |
| Basement Development | Finished |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Type | Other |
Land
| Acreage | No |
| Size Irregular | 29.64 X 163.4 Ft ; Irregular 66.10 Feet In Rear |
| Size Total Text | 29.64 X 163.4 Ft ; Irregular 66.10 Feet In Rear |
https://www.realtor.ca/real-estate/26300492/40-cavell-ave-toronto-mimico
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December 15 2023 04:26:13
Toronto Real Estate Board
Royal LePage Signature Realty