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Royal LePage Signature Realty, Brokerage*

Lukas Dzierzega
Sales Representative
Office Phone: 416-205-0355
Direct: 416-564-7096
www.lukas-dzierzega.ca

Royal LePage Signature Realty, Brokerage*
Pic_of_house
Status:
For Sale
Property Price:
$2,899,000
Property Type:
Multiplex
House Style:
2-Storey
Bedrooms:
9
Bathrooms:
6
Cross Street:
Royal York And Qew
Heating:
Radiant
Front Footage:
29
Exterior:
Brick,
Lot Size:
29 X 163 Acres
Tax:
$8256.00
Total Parking Spaces:
8
Parking Places:
8
Water:
Municipal
Fuel:
Gas
Remarks:

Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto(Etobicoke), an are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out of the 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building.

Newer furnace and boiler (6years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area.

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Lukas  Dzierzega, Sales Representative

Royal LePage Signature Realty, Brokerage*

Lukas Dzierzega
Sales Representative
Office Phone: 416-205-0355
Direct: 416-564-7096
www.lukas-dzierzega.ca

Royal LePage Signature Realty, Brokerage*
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