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 address is 56 Mimico Ave & 120, 122 &124 Queens Ave. (id:55349)
Property Details
| MLS® Number | W7041164 |
| Property Type | Retail |
| Community Name | Mimico |
| Amenities Near By | Highway, Public Transit |
Building
| Size Interior | 2178 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Irregular | 16.5 X 132 Ft |
| Size Total Text | 16.5 X 132 Ft |
https://www.realtor.ca/real-estate/26115577/56-mimico-ave-toronto-mimico
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September 29 2023 12:28:15
Toronto Real Estate Board
RE/MAX Professionals Inc.