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40 Cavell Ave
Toronto ON , M8V 1P2 , CAN
No Photo Available

$2,899,000.00
MLS® W8355882
House
Annual Tax Amount: $8,256.00
Lot Frontage: 29.64 Feet
Lot Depth: 163.4 Feet
No. of Parking Spaces: 8
Total Bedrooms: 9
Total Bathrooms: 6
Remarks:
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 are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. 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 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.
Newer furnace and boiler (6years). 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.

Property Features:
  • Fronting On (NSEW): No
  • Family Room: Yes
  • Drive: Available
  • Occupancy: Own+Ten
  • Pool: None
  • Sewers: Sewers
  • Style: 2-Storey
  • Water: Municipal
Building Features:
  • Basement: Finished
  • Exterior: Brick
  • Fireplace/Stove: No
  • Heat Source: Gas
  • Garage Type: None
  • Heat Type: Radiant

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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