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W7314004
$3,079,000

40 Cavell Ave (Royal York & Qew)

Price: $3,079,000

Status: For Sale 

MLS®#: W7314004

$3,079,000
  • 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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Andre Lill

Sales Representative

Royal LePage Signature Realty

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/