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 project s nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large l-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. (id:4069)
Address
40 CAVELL AVENUE
List Price
$2,649,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Toronto (mimico)
Bedrooms
9
Bathrooms
6
Floor Area
35,005,000 Sq. Ft.
Lot Size
29.6 x 163.4 FT ; Irregular 66.1 feet wide in rear Sq. Ft.
MLS® Number
W12110534
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
N/A (Finished)
Postal Code
M8V1P2
