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Home ON Greater Toronto Area Toronto Etobicoke Mimico
40 CAVELL AVENUE
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40 CAVELL AVENUE $2,899,000
$2,899,000
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40 CAVELL AVENUE
Toronto (Mimico), Ontario M8V1P2

MLS® Number: W9767744
9
Bedrooms
6
Bathrooms
-
Square Feet

Listing 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. (37361433)

Location Description

Royal York and QEW

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Community Name
Mimico
Land Size
29.64 x 163.4 Acre
Annual Property Taxes
$8,256
Total Parking Spaces
8
Time on REALTOR.ca
22 days

Building

Bedrooms
Above Grade
9
Bathrooms
Total
6
Interior Features
Basement Type
N/A (Finished)
Building Features
Foundation Type
Unknown
Heating & Cooling
Heating Type
Radiant heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Total Parking Spaces
8

Land

Lot Features
Frontage
29.64 m
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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