➧
➧
9
BEDROOMS6
BATHROOMS6
KITCHENS27
ROOMSW8355882
MLSIDContact Us
Property Description
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 are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. 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 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.
Call
Extras
Newer furnace and boiler (6years). 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.
Nearby Intersections
Pape & Danforth (22)
Call
Property Details
Property Type
Multiplex, 2-Storey
Lot Size
30' x 163'
Fronting
North
Taxes
$8,256 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Available
Garage Type
None
Call
Listing contracted with Royal Lepage Signature Realty
Similar Listings
Etobicoke Lake Shore and Royal York. Huge Sixplex! Over 6000 Sq. Ft. (including basement. Source Floor plans)). Five large 2 bedrooms and one fully renovated 1 bedroom (renovated in 2024) - with new floors, new kitchen, new bathroom, new stainless-steel appliances: stove, fridge, dishwasher, washer/dryer, microwave. One unit is vacant. Seven hydro meters, new furnace (2023). Large corner lot with ample parking and lots of green. Floor plan and financials on attachments. Tenants to be assumed. No VTB.
Call
RARELY AVAILABLE LEGAL 5-PLEX IN CENTRAL ETOBICOKE LOCATION IN SOUGHT AFTER NEIGBOURHOOD. 5-2 BEDROOM APARTMENTS, 1 BACHELOR APARTMENT. INCLUDES 7 DESIGNATED OUTDOOR SURFACE PARKING SPOTS, 4 BALCONIES, DESIGNATED LOCKER LOCATED IN LAUNDRY ROOM. RECENT UPDATES: ROOF (2020), BALCONY RAILINGS (2017), WINDOWS (2005). BUILDING IS CLOSE TO AMENITIES: PUBLIC TRANSIT, HWY 427, HWY 401 & QEW. GUARANTEED RENT FOR 3 YEARS.
Call
Beautifully maintained 6-unit multi-residential building containing 3 - 2 bedroom suites and 3 - 1 bedroom suites. Located in a residential neighbourhood close to schools, shopping, public transit and more. Improvements/upgrades include skylights, kitchens, bathrooms, flooring and appliances. Wood frame construction. Potential upside in rent upon unit turnover. Clean and quiet building with little maintenance required. New Ontario subway line is expected to come to Pape and Danforth through Gerrard and Carlaw which is a 5 minute drive south east.
Call
Call