For sale

231 Melrose St

Mimico, Toronto, Ontario

Schedule Visit View Other Freeholds

Bedrooms

9

Bathrooms

9

Parking

9

Price

$3,199,900

MLS© ID

W9297693

Approx. Age

N/A

Listed Since

September 4th, 2024

Exterior

Brick,

Air Conditioning

Window Unit

Heating

Radiant

Pool

None

Type

Multiplex

Aprox. sq. footage

5000+

Taxes

$15,801

Style

2-Storey

Garage

N/A

Basement

Finished

Fireplace

Yes

Lot Size

50.00 x 125.00 Feet

Type Level Dimensions
Living Ground 5.00x2.70

DESCRIPTION

A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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: 2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.

Amenities & Features

Type: Multiplex

Features: Hospital, Public Transit, School,

Brokerage: Right at Home Realty

Interested in a viewing or more information?