28 Algoma St

Toronto, ON M8Y 1C3 (Mimico)

Quick Facts

Type: Fourplex

Style: 2-Storey

Size: Sq Ft

Age: 31-50 Years

Taxes: $5,629 (2024)

Updated: 2025-03-11 11:58:20

Description

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you\'re an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don\'t miss out on this prime opportunity! Estimated property cap rate: 4.

Extras

Property

Status: Sale

MLS #: W12008823

Price: $2,298,888

Address: 28 Algoma St

Type: Fourplex

Style: 2-Storey

Size: Sq Ft

Age: 31-50 Years

Front On: N

Taxes: $5,629

Tax Year: 2024

Lot Size: 50 x 126 Feet

Neighbourhood: Mimico

Nearest Intersection: Royal York & Algoma St

City: Toronto

Postal Code: M8Y 1C3

DOM: 39 Days

Last Update: 2025-03-11 11:58:20

Building

Interior

Bedrooms: 6

Bathrooms: 4

Rooms: 10

Kitchens: 4

Family Room: N

Fireplace: N

Basement: Fin W/O, Full

Central Vacuum: N

Exterior

Exterior: Brick,

Driveway:

Garage: None

Garage Spaces: 0

Parking Spaces: 6

Pool: None

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water: Municipal

Sewers: Sewers

Features

Rooms