For Sale

$2,649,000

40 Cavell Avenue, Toronto, ON M8V 1P2

Royal York and QEW

9 Beds 6 Baths

Remarks

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 project s nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large l-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.

Property Summary

  • Neighbourhood:
  • Annual Tax Amount: $8,256.00
  • Lot Frontage: 29.64 Feet
  • Lot Depth: 163.4 Feet
  • No. of Parking Spaces: 8
  • Floor Space (approx): 3500-5000 Square Feet
  • Bedrooms: 9
  • Bathrooms (Total): 6

Property Features:

  • Architectural Style:
    2-Storey
  • Basement:
    Finished
  • Construction Materials:
    Brick
  • Cooling:
    None
  • Foundation Details:
    Unknown
  • Garage Type:
    None
  • Heat Source:
    Gas
  • Heat Type:
    Radiant
  • Interior Features:
    Other
  • Parking Features:
    Available
  • Pool Features:
    None
  • Roof:
    Unknown
  • Sewer:
    Sewer
  • Water:
    Municipal

Office Listing: 

Stephanie Knezevic Real Estate Agent

Lifestyle
Neighbourhood Info
Debi Alleway

Debi Alleway

Sales Representative

Phone:  416.443.0300

Fax:  416.443.8619

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Royal LePage Signature Realty, Brokerage (Independently owned and operated)

201 - 8 SAMPSON MEWS
Toronto,  ON M3C0H5

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