Active

40 Cavell Ave

Toronto Ontario, M8V 1P2

C$2,899,000


Active

9 Beds

6 Baths

Multi-family

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.

W8355882

MLS ID

October 2, 2024

Updated

Map

40 Cavell Ave
Toronto Ontario, M8V 1P2

Interior Features

Bedrooms

9


Total Bathrooms

6


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Radiant, Gas

Exterior/Building Features

Lot Size

0.11 Acres


Sewer

Sewers

Other Property Details

Area Name

Mimico


Taxes

$8,256


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

8


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None

 

Courtesy of Listed by , ROYAL LEPAGE SIGNATURE REALTY,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 1:44 AM UTC, 10/2/2024

 

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