40 Cavell Avenue No longer available

Toronto, Mimico, M8V 1P2

$3,079,000

Description

Listed by ROYAL LEPAGE SIGNATURE REALTY.

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% 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. 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. See agent for Income.

Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade.

Location

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  • Address: 40 Cavell Avenue
  • Neighborhood: Mimico
  • City: Toronto
  • State: Ontario
  • Postal Code: M8V 1P2

Property Video

Property Details

  • Property ID: W7314004
  • Property Price: $3,079,000
  • Style: Multiplex, 2-Storey
  • Sq/Ft: 3500-5000
  • Rooms: 27
  • Bedrooms: 9
  • Bath: 6
  • Parking Spaces: 8
  • Basement: Finished
  • Den: Y
  • Exterior: Brick
  • Heating: Radiant
  • Fireplace: N
  • Taxes: $8,256.00 (2023)
  • Lot: 163.40x29.64 (Feet) - Irregular 66.10 Feet In Rear

Property History

This property has been sold 2 times before. To view this property's sale price history please sign in or register:


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Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 370 - 0992

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