231 Melrose Street Toronto, Ontario M8Y 1B8
$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:27910)
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 |
|---|
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June 18 2024 09:37:21
Toronto Real Estate Board
Right At Home Realty