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. (id:49759)
MLS® Number | W8267086 |
Property Type | Multi-family |
Community Name | Mimico |
Amenities Near By | Hospital, Public Transit, Schools |
Parking Space Total | 9 |
Bathroom Total | 9 |
Bedrooms Above Ground | 9 |
Bedrooms Below Ground | 6 |
Bedrooms Total | 15 |
Basement Development | Finished |
Basement Type | N/a (finished) |
Cooling Type | Window Air Conditioner |
Exterior Finish | Brick |
Heating Fuel | Natural Gas |
Heating Type | Radiant Heat |
Stories Total | 2 |
Type | Other |
Acreage | No |
Land Amenities | Hospital, Public Transit, Schools |
Size Irregular | 50 X 125 Ft |
Size Total Text | 50 X 125 Ft |
https://www.realtor.ca/real-estate/26796100/231-melrose-st-toronto-mimico
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