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.
Address
40 Cavell Ave
List Price
$2,899,000
Property Type
Free
Type of Dwelling
Multiplex
Style of Home
2-Storey
Area
Toronto W06
Sub-Area
Mimico
Bedrooms
9
Bathrooms
6
MLS® Number
W9767744
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Postal Code
M8V 1P2
Tax Amount
$8,256.00
Tax Year
2023
