15 Bedroom
9 Bathroom
Window Air Conditioner
Radiant Heat
$3,495,000
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 Units And 3 1-Bedroom Units With Balconies. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-Side On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! 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. (id:31697)
Property Details
MLS® Number
|
W8454102 |
Property Type
|
Multi-family |
Community Name
|
Mimico |
Amenities Near By
|
Hospital, Public Transit, Schools |
Parking Space Total
|
9 |
Building
Bathroom Total
|
9 |
Bedrooms Above Ground
|
9 |
Bedrooms Below Ground
|
6 |
Bedrooms Total
|
15 |
Amenities
|
Separate Electricity Meters |
Appliances
|
Intercom, Dryer, Refrigerator, Stove, Two Stoves, Washer |
Basement Development
|
Finished |
Basement Type
|
N/a (finished) |
Cooling Type
|
Window Air Conditioner |
Exterior Finish
|
Brick |
Fire Protection
|
Controlled Entry, Security System, Smoke Detectors |
Foundation Type
|
Concrete |
Heating Fuel
|
Natural Gas |
Heating Type
|
Radiant Heat |
Stories Total
|
2 |
Type
|
Other |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Land Amenities
|
Hospital, Public Transit, Schools |
Sewer
|
Sanitary Sewer |
Size Irregular
|
50 X 125 Ft |
Size Total Text
|
50 X 125 Ft |
Rooms
Level |
Type |
Length |
Width |
Dimensions |
https://www.realtor.ca/real-estate/27059578/231-melrose-street-toronto-mimico