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40 Cavell Ave

Cavell Ave, Etobicoke-Lakeshore, Toronto, ON, M8V 1P2

9
Beds
6
Baths
4800
Sq. Ft.
$2,899,000
List Price
Details
Photos
40
Comparables
History
40 Cavell Ave, Toronto, ON - 1 of 3
40 Cavell Ave, Toronto, ON - 2 of 3
40 Cavell Ave, Toronto, ON - 3 of 3
New
5 days on market

Quick Summary

  • Profitable 6-unit multiplex with 4.3% cap rate
  • Desirable Mimico location with growth potential
  • Modern upgrades to 4 out of 6 units
  • Separately metered units with coin laundry income
  • Expansive rear parking with 8 spots
  • Opportunity to add units to existing structure
  • Newer furnace and boiler (6 years old)
  • High demand area with quick lease turnaround

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 area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. A fantastic opportunity for investors looking... Show More

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 area experiencing an incredible amount of growth by way of several mixed use condo development projects nearby. 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 ofthe 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 (6 years). 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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Property Details

Size

4,800 sq. ft.
9 Beds
9 Above Grade
6 Baths

Parking

8 Parking Spaces
None

Build

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

Heating & Cooling

Heating
Radiant
Cooling
None

Utilities

Water
-
Sewer
Sewers
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$8,256

Source

Listing Brokerage

MLS® Listing
W9767744
Last Updated
October 29, 2024
Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Call us 800-591-0566

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