Property Description

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 Units And 3 1-Bedroom Units With Balconies. 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.

Features
: Finished
N
Y
None
9
: Brick
: None
N
2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.
Address Map
Melrose
Canada
Ontario
Toronto
Toronto
M8Y 1B8
231
St
231 Melrose St
01.W06.0170
Property Details
50 Sqft
125.00
Mimico
0 Sqft
Sewers
: Toronto W06
Utilities
: Radiant
: Gas
: Window Unit
C$0
N
N
N
N

231 Melrose St, Toronto, Ontario M8Y 1B8

For Sale Multiplex

9 Bedrooms
9 Bathrooms
C$3495000
Listing ID #W8454102
Basic Details
Listing ID : W8454102
Property Type : Multiplex
Price : C$3495000
Bedrooms : 9
Bathrooms : 9
Approx Square Footage : 5,000 Sqft
Directions, Cross Streets : South Kingsway & South Of QEW
Tax Year :
Taxes : C$15801
Agent info
The Alves Group
Contact Agent