For sale

56 Mimico Ave

Mimico, Toronto, Ontario

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Bedrooms

7

Bathrooms

5

Parking

1

Price

$2,900,000

MLS© ID

W7041146

Approx. Age

51-99

Listed Since

September 28th, 2023

Exterior

Brick,

Air Conditioning

Central Air

Heating

Radiant

Pool

None

Type

Store W/Apt/Office

Aprox. sq. footage

2000-2500

Taxes

$7,378

Style

2-Storey

Garage

Attached

Basement

Part Fin

Fireplace

Yes

Lot Size

16.50 x 132.00 Feet

DESCRIPTION

Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.

Extras: Full property address: 56 Mimico Ave, 120, 122 & 124 Queens Ave.

Amenities & Features

Type: Store W/Apt/Office

Features: Library, Park, Place Of Worship, Public Transit, School, Waterfront,

Brokerage: RE/MAX PROFESSIONALS INC.

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