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$2,899,000
Available - For Sale
Listing ID: W8355882
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.
Extras:   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.
Price $2,899,000
Taxes: $8,256
Address: 40 Cavell Ave , Toronto, M8V 1P2, Ontario
Lot Size: 29.64 x 163.4 (Acres)
Directions/Cross Streets: Royal York And Qew
Rooms: 27
Bedrooms: 9
Washrooms: 6
Kitchens: 6
Family Room: Y
Basement: Finished
No. of Pieces Level
Washroom 1:  3 2nd
Washroom 2:  4 Main
Washroom 3:  3 Main
Washroom 4:  3 Bsmt
Property Type: Multiplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 8
Pool: None
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Radiant
Central Air Conditioning: None
Sewers: Sewers
Water: Municipal
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40 Cavell Ave , Toronto, M8V 1P2, Ontario


 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto
Neighbourhood: Mimico
Style: 2-Storey
Lot Size: 29.64 x 163.40(Acres)
Approximate Age:
Tax: $8,256
Maintenance Fee: $0
Beds: 9
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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