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40 Cavell Ave

Cavell AveEtobicoke-LakeshoreTorontoON, M8V 1P2

9
Beds
6
Baths
4080
Sq. Ft.
$3,079,000
List Price
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
18 days on market

Quick Summary

  • Excellent 4.25% cap rate investment opportunity.
  • Nearby mixed-use condo developments.
  • Modern upgrades in units and common areas.
  • Potential to set new rents for two vacant units.
  • Separately metered units with coin laundry income.
  • Ample rear parking with 8 spots available.
  • Opportunity for additional units on the property.
  • Located close to Mimico GO Station and amenities.

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in 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 secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2... Show More

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in 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 secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Set your own rate in two empty units (2 bed and 1 bed). Modern Upgrades to majority of units, hallways, stairs and exterior. Separately metered units (7), Coin Laundry for added income, Expansive Rear Parking - 8 spots. Opportunity to add units to existing structure, Large Tenant Green space in Front Yard. Steps to Mimico GO Station, QEW, Lakeshore, Parks, Schools, San Remo's. High Return, Minimal Management turn-key building. Fire Inspection 2021. Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade.

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Property Details

Size

4,080 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
W7314004
Last Updated
December 6, 2023
Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Call us 800-591-0566

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