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.
Property Type:
Freehold
Freehold Type:
Multiplex
Home Style:
2-Storey
Lot Acres:
29.64 acre(s)12 hectare(s)
Exposure:
North
Bedrooms:
9
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
6
Rooms:
27
Heating type:
Radiant
Heating Fuel:
Gas
Basement:
Finished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0
Parking Spaces:
8
Total Parking Spaces:
8
Driveway:
Available
Family Room:
Y
Possession Details:
Flexible
Taxes:
$8,256 /
2023
Assessment:
$- /
-
Floor
Ensuite
Pieces
Other
2nd
-
3
X2
Main
-
4
Main
-
3
Bsmt
-
3
X2
Mimico
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.
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