40 Cavell Ave (Royal York & Qew)
Price: $3,079,000
Status: For Sale
MLS®#: W7314004
- Tax: $8,256 (2023)
- Community:Mimico
- City:Toronto
- Type:Residential
- Style:Multiplex (2-Storey)
- Beds:9
- Bath:6
- Size:3500-5000 Sq Ft
- Basement:Finished
Features:
- ExteriorBrick
- HeatingRadiant, Gas
- Sewer/Water SystemsSewers, Municipal
Listing Contracted With: ROYAL LEPAGE SIGNATURE REALTY
Description
Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a tremendous 4.26% 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. Set your own rate in two empty units (2 bed and 1 bed). 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.
Highlights
Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade.
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