map icon

231 Melrose St

Melrose St, Etobicoke-Lakeshore, Toronto, ON, M8Y 1B8

15
Beds
9
Baths
$3,699,900
List Price
Details
Photos
39
Comparables
History
231 Melrose St, Toronto, ON - 1 of 3
231 Melrose St, Toronto, ON - 2 of 3
231 Melrose St, Toronto, ON - 3 of 3
New
26 days on market

Quick Summary

  • Profitable 9-unit multiplex in prime South Etobicoke
  • Fully rented with potential $268,800 annual earnings
  • Solid brick construction with 15 total bedrooms
  • Updated and well-maintained units, easy to rent
  • Great location near GO station, amenities, and highway
  • 9 parking spots and individual meters for tenants
  • Excellent investment opportunity with 5.7% ROI
  • Well-managed building with reliable tenants

Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 3 1-Bedroom Units. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings,... Show More

Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 3 1-Bedroom Units. 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. 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A

Property Details

Size

Sq. Ft. Not Available
15 Beds
9 Above Grade - 6 Below Grade
9 Baths

Parking

9 Parking Spaces
None

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
-
Builder Name
-
Stories
-
Flooring
-
Roof
-

Heating & Cooling

Heating
Radiant
Cooling
Window Unit

Utilities

Water
-
Sewer
Sewers
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$15,801.15

Source

Listing Brokerage

MLS® Listing
W8338822
Last Updated
May 15, 2024
Brokerage
RIGHT AT HOME REALTY
Call us 800-591-0566

Book A Private Showing

For Sale Nearby

32 Algoma St, Toronto, ON
32 Algoma St
$2,285,000
Toronto, ON, M8Y 1C3
  • 2,000 - 2,500 Sq. Ft.
  • 4
  • 4
35 Wesley St, Toronto, ON
35 Wesley St
$1,199,000
Toronto, ON, M8Y 2W5
  • 1000 Sq. Ft.
  • 5
  • 2
2 Hay Ave, Toronto, ON
2 Hay Ave
$2,350,000
Toronto, ON, M8Z 1G1
  • 2,000 - 2,500 Sq. Ft.
  • 4
  • 5
71 Newcastle St, Toronto, ON
71 Newcastle St
$1,065,000
Toronto, ON, M8Y 0A5
  • 3
  • 3
663 Oxford St, Toronto, ON
663 Oxford St
$1,999,000
Toronto, ON, M8Y 1E7
  • 2,000 - 2,500 Sq. Ft.
  • 3
  • 4
104 Newcastle St, Toronto, ON
104 Newcastle St
$899,000
Toronto, ON, M8Z 1C8
  • 2
  • 1
39 Evans Ave, Toronto, ON
39 Evans Ave
$2,248,000
Toronto, ON, M8Z 1H4
  • 2,500 - 3,000 Sq. Ft.
  • 5
  • 4
64 Simpson Ave, Toronto, ON
64 Simpson Ave
$888,888
Toronto, ON, M8Z 1E1
  • 3
  • 2

Sold Nearby

239 Melrose St, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
239 Melrose St
$XXX,XXX
Toronto, ON, M8Y 1B8
  • 7
  • 6
243 Melrose St, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
243 Melrose St
$XXX,XXX
Toronto, ON, M8Y 1B8
  • 5
  • 3
391 Royal York Rd, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
391 Royal York Rd
$XXX,XXX
Toronto, ON, M8Y 2R4
  • 6
  • 3
18 Wesley St, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
18 Wesley St
$XXX,XXX
Toronto, ON, M8Y 2W3
  • 3
  • 2
419 Royal York Rd, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
419 Royal York Rd
$XXX,XXX
Toronto, ON, M8Y 2R8
  • 3
  • 2
#2 - 125 Algoma St, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
#2-125 Algoma St
$XXX,XXX
Toronto, ON, M8Y 0C1
  • 3
  • 2
421 Royal York Rd, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
421 Royal York Rd
$XXX,XXX
Toronto, ON, M8Y 2R8
  • 3
  • 2
425 Royal York Rd, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
425 Royal York Rd
$XXX,XXX
Toronto, ON, M8Y 2R8
  • 3
  • 2

Listing information provided in part by the Toronto Regional Real Estate Board for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Copyright © TRREB. All rights reserved.

Information is deemed reliable but is not guaranteed accurate by TRREB®. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.