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 project s nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large l-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out of the 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.
Address
40 Cavell Avenue
List Price
$2,649,000
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
Floor Area
3500 - 5000 Sq. Ft.
Lot Depth
163.4
Lot Irregularities
Irregular 66.1 feet wide in rear
Lot Size Units
Feet
Lot Width
29.64
MLS® Number
W12110534
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
2024
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