56 Mimico Ave Toronto, Ontario M8V 1R3
$2,900,000
Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.**** EXTRAS **** Full property address: 56 Mimico Ave, 120, 122 & 124 Queens Ave. (id:55349)
Property Details
| MLS® Number | W7041146 |
| Property Type | Retail |
| Community Name | Mimico |
| Parking Space Total | 1 |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 7 |
| Bedrooms Total | 7 |
| Basement Development | Partially Finished |
| Basement Type | N/a (partially Finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 16.5 X 132 Ft |
| Size Total Text | 16.5 X 132 Ft |
https://www.realtor.ca/real-estate/26115573/56-mimico-ave-toronto-mimico
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September 28 2023 10:27:48
Toronto Real Estate Board
RE/MAX Professionals Inc.