map icon

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
25 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.

Additional Media

View Additional Media

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

Book A Private Showing

For Sale Nearby

12 Cavell Ave, Toronto, ON
12 Cavell Ave
$1,299,000
Toronto, ON, M8V 1P2
  • 3
  • 1
10 Cavell Ave, Toronto, ON
10 Cavell Ave
$1,299,000
Toronto, ON, M8V 1P2
  • 3
  • 1
16 Stanley Ave, Toronto, ON
16 Stanley Ave
$999,000
Toronto, ON, M8V 1N1
  • 3
  • 2
15 Burlington St, Toronto, ON
15 Burlington St
$1,299,000
Toronto, ON, M8V 2L1
  • 3
  • 2
20 Superior Ave, Toronto, ON
20 Superior Ave
$1,258,000
Toronto, ON, M8V 2M6
  • 2
  • 1
Th1 - 11 Superior Ave, Toronto, ON
Th1-11 Superior Ave
$649,800
Toronto, ON, M8V 0A7
  • 946 Sq. Ft.
  • 2
  • 2
617 - 11 Superior Ave, Toronto, ON
617-11 Superior Ave
$498,000
Toronto, ON, M8V 0A7
  • 600 - 699 Sq. Ft.
  • 1
  • 1
Th5 - 11 Superior Ave, Toronto, ON
Th5-11 Superior Ave
$699,900
Toronto, ON, M8V 0A7
  • 1000 Sq. Ft.
  • 2
  • 2

Sold Nearby

32 Cavell Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
32 Cavell Ave
$XXX,XXX
Toronto, ON, M8V 1P2
  • 700 - 1,100 Sq. Ft.
  • 2
  • 2
66B Victor Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
66B Victor Ave
$XXX,XXX
Toronto, ON, M8V 2L9
  • 2,500 - 3,000 Sq. Ft.
  • 4
  • 5
66A Victor Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
66A Victor Ave
$XXX,XXX
Toronto, ON, M8V 2L9
  • 3200 Sq. Ft.
  • 4
  • 5
59 Manchester St, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
59 Manchester St
$XXX,XXX
Toronto, ON, M8V 3V7
  • 5
  • 3
61 Victor Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
61 Victor Ave
$XXX,XXX
Toronto, ON, M8V 2L8
  • 5
  • 4
20 Cavell Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
20 Cavell Ave
$XXX,XXX
Toronto, ON, M8V 1P2
  • 4
  • 3
55 Victor Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
55 Victor Ave
$XXX,XXX
Toronto, ON, M8V 2L8
  • 2,500 - 3,000 Sq. Ft.
  • 4
  • 2
103 Superior Ave, Toronto, ON
Sold Listing
Get verified. Local real estate boards require email verification.
103 Superior Ave
$XXX,XXX
Toronto, ON, M8V 2M7
  • 5000 Sq. Ft.
  • 6
  • 5

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.