40 Cavell Ave

Toronto, ON M8V 1P2 (Mimico)

Quick Facts

Type: Multiplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $8,256 (2023)

Updated: 2024-10-29 14:14:23

Description

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 projects nearby. 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 ofthe 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 (6 years). 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

Status: Sale

MLS #: W9767744

Price: $2,899,000

Address: 40 Cavell Ave

Type: Multiplex

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On: N

Taxes: $8,256

Tax Year: 2023

Lot Size: 30 x 163 Acres

Neighbourhood: Mimico

Nearest Intersection: Royal York and QEW

City: Toronto

Postal Code: M8V 1P2

DOM: 23 Days

Last Update: 2024-10-29 14:14:23

Building

Interior

Bedrooms: 9

Bathrooms: 6

Rooms: 27

Kitchens: 6

Family Room: Y

Fireplace: N

Basement: Finished,

Central Vacuum:

Exterior

Exterior: Brick,

Driveway: Available

Garage: None

Garage Spaces: 0

Parking Spaces: 8

Pool: None

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Radiant

Heat Source: Gas

Air Conditioning: None

Water: Municipal

Sewers: Sewers

Features

Rooms