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9
BEDROOMS6
BATHROOMS6
KITCHENS27
ROOMSW7314004
MLSIDContact Us
Property Description
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. 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. See agent for Income.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-15 | 2024-02-21 | 6 | $2,200 | $2,200 | Leased |
Extras
Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade.
Nearby Intersections
Pape & Danforth (20)
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
30' x 163'
Lot Irregularities
Irregular 66.10 Feet In Rear
Fronting
North
Taxes
$8,256 (2023)
Basement
Finished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
8
Driveway
Private
Garage Type
None
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Etobicoke Market Statistics
Etobicoke Price Trend
40 Cavell Ave is a 9-bedroom 6-bathroom home listed for sale at $3,079,000, which is $238,540 (8.4%) higher than the average sold price of $2,840,460 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 9 bedroom home in Etobicoke increased by $240,460 (9.2%) compared to the previous 30 day period (March 2 - March 31) and up $240,460 (9.2%) from the same time one year ago.Inventory Change
There were 14 9-bedroom homes listed in Etobicoke over the last 30 days (April 1 - April 30), which is up 180.0% compared with the previous 30 day period (March 2 - March 31) and up 600.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Etobicoke typically sold ($154,540) (5.4%) below asking price over the last 30 days (April 1 - April 30), which represents a $59,540 decrease compared to the previous 30 day period (March 2 - March 31) and ($250,000) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 9-bedroom homes in Etobicoke over the last 30 days (April 1 - April 30) stood at 7.1%, down from 20.0% over the previous 30 days (March 2 - March 31) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 9-bedroom 6-bathroom home in Etobicoke stood at 28 days when successfully sold over the last 30 days (April 1 - April 30), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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