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231 Melrose St

Melrose StEtobicoke-LakeshoreTorontoON, M8Y 1B8

15
Beds
9
Baths
-
$XXX,XXX
231 Melrose St, Toronto, ON - 1 of 3
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231 Melrose St, Toronto, ON - 2 of 3
231 Melrose St, Toronto, ON - 3 of 3

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...

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. 2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.

Property Details

Size

Sq. Ft. Not Available
1 total rooms
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

Rooms

Living

8′10″ x 16′4″

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

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

Source

Listing Brokerage

MLS® Listing
W9297693
Last Updated
October 22, 2024
Brokerage
RIGHT AT HOME REALTY
Call us 800-591-0566

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