For sale

40 Cavell Ave

Mimico, Toronto, Ontario

Schedule Visit View Other Freeholds

Bedrooms

9

Bathrooms

6

Parking

8

Price

$3,079,000

MLS© ID

W7314004

Approx. Age

N/A

Listed Since

November 21st, 2023

Exterior

Brick,

Air Conditioning

None

Heating

Radiant

Pool

None

Type

Multiplex

Aprox. sq. footage

3500-5000

Taxes

$8,256

Style

2-Storey

Garage

None

Basement

Finished

Fireplace

Yes

Lot Size

29.64 x 163.40 Feet

DESCRIPTION

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in 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 secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Modern Upgrades to majority of units, hallways, stairs and exterior. Separately metered units (7), Coin Laundry for added income, Expansive Rear Parking - 8 spots. Opportunity to add units to existing structure, Large Tenant Green space in Front Yard. Steps to Mimico GO Station, QEW, Lakeshore, Parks, Schools, San Remo's. High Return, Minimal Management turn-key building. Fire Inspection 2021. See agent for Income.

Extras: Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade.

Amenities & Features

Type: Multiplex

Features: ,

Brokerage: ROYAL LEPAGE SIGNATURE REALTY

Interested in a viewing or more information?