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BEDROOMS6
BATHROOMS6
KITCHENS27
ROOMSW9767744
MLSIDContact Us
Property Description
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.
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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 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.
Nearby Intersections
Pape & Danforth (22)
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Property Details
Street
Community
City
Property Type
Multiplex, 2-Storey
Lot Size
30' x 163'
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
Available
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 $2,899,000, which is $246,000 (7.8%) lower than the average sold price of $3,145,000 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 9 bedroom home in Etobicoke increased by $1,046,112 (49.8%) compared to the previous 30 day period (September 21 - October 20) and up $1,195,000 (61.3%) from the same time one year ago.Inventory Change
There were 7 9-bedroom homes listed in Etobicoke over the last 30 days (October 21 - November 19), which is down 22.2% compared with the previous 30 day period (September 21 - October 20) and up 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
9-bedroom homes in Etobicoke typically sold ($54,900) (1.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,788 decrease compared to the previous 30 day period (September 21 - October 20) and ($140,000) 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 (October 21 - November 19) stood at 14.3%, up from 11.1% over the previous 30 days (September 21 - October 20) and down from 25.0% 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 6 days when successfully sold over the last 30 days (October 21 - November 19), compared to 122 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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