231 Melrose Street Toronto (Mimico), Ontario M8Y 1B8
$3,199,900
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 And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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:55460)
Property Details
| MLS® Number | W9297693 |
| 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, Separate Heating Controls |
| Appliances | Intercom, Dryer, Refrigerator, Stove, 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 Depth | 125 Ft |
| Size Frontage | 50 Ft |
| 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/27361125/231-melrose-street-toronto-mimico-mimico
480 Eglinton Ave West #30, 106498
Mississauga, Ontario L5R 0G2
(905) 565-9200
(905) 565-6677
www.rightathomerealty.com/
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September 12 2024 06:38:22
Toronto Real Estate Board
Right At Home Realty