Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay. |
Extras: 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A. |
Price | $3,999,900 |
Taxes: | $15801.15 |
Address: | 231 Melrose St , Toronto, M8Y 1B8, Ontario |
Lot Size: | 50.00 x 125.00 (Feet) |
Directions/Cross Streets: | South Kingsway & South Of Qew |
Rooms: | 39 |
Bedrooms: | 9 |
Bedrooms +: | 6 |
Kitchens: | 9 |
Family Room: | N |
Basement: | Finished |
Property Type: | Multiplex |
Style: | 2-Storey |
Exterior: | Brick |
Garage Type: | None |
(Parking/)Drive: | Private |
Drive Parking Spaces: | 0 |
Pool: | None |
Approximatly Square Footage: | 5000+ |
Property Features: | Hospital, Public Transit, School |
Fireplace/Stove: | N |
Heat Source: | Gas |
Heat Type: | Radiant |
Central Air Conditioning: | Window Unit |
Elevator Lift: | N |
Sewers: | Sewers |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RIGHT AT HOME REALTY |
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Book Showing | Email a Friend |
Type: | Freehold - Multiplex |
Area: | Toronto |
Municipality: | Toronto |
Neighbourhood: | Mimico |
Style: | 2-Storey |
Lot Size: | 50.00 x 125.00(Feet) |
Tax: | $15,801.15 |
Beds: | 9+6 |
Baths: | 9 |
Fireplace: | N |
Pool: | None |