40 Cavell Avenue Toronto (Mimico), Ontario M8V 1P2
MLS# W9767744 - Buy this house, and I'll buy Yours*

$2,899,000

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. (id:51158)

Property Details

MLS® Number	W9767744
Property Type	Multi-family
Community Name	Mimico
Parking Space Total	8

About 40 Cavell Avenue, Toronto (Mimico), Ontario

This For sale Property is located at 40 Cavell Avenue Multi-family Other set in the community of Mimico, in the City of Toronto (Mimico) Multi-family has a total of 9 bedroom(s), and a total of 6 bath(s) . 40 Cavell Avenue has Radiant heat heating . This house features a Fireplace.

The Basement is Finished.

This Toronto (Mimico) Other's exterior is finished with Brick

The Current price for the property located at 40 Cavell Avenue, Toronto (Mimico) is $2,899,000 and was listed on MLS on :2024-10-29 19:52:29

Building

Bathroom Total	6
Bedrooms Above Ground	9
Bedrooms Total	9
Basement Development	Finished
Basement Type	N/a (finished)
Exterior Finish	Brick
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Type	Other
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Frontage	29.64 M
Size Irregular	29.64 X 163.4 Acre
Size Total Text	29.64 X 163.4 Acre

https://www.realtor.ca/real-estate/27593689/40-cavell-avenue-toronto-mimico-mimico