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9 + 6
BEDROOMS9
BATHROOMS9
KITCHENS39
ROOMSW9297693
MLSIDContact Us
Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-04 | 2024-09-10 | 6 | $3,199,900 | $3,145,000 | Sold |
| 2024-06-18 | 2024-09-05 | 79 | $3,495,000 | - | Terminated |
| 2024-05-14 | 2024-06-18 | 35 | $3,699,900 | - | Terminated |
| 2024-04-24 | 2024-05-14 | 20 | $3,999,900 | - | Terminated |
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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 And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172K Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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.
Extras
2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A.
Nearby Intersections
Lake Shore & Park Lawn (189)
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Similar Listings
9-unit multiplex in Mimico! Separate hydro meters (each unit pays own hydro except for unit 1A has hydro included in rent). Water and heat included in rent. Tenants pay own cable, television and phone. Lockers for each unit in basement. 2 coin-operated washing machines, 1 coin-operated dryer. Parking at rear of building. Walk to transit/GO, Sanremo, shopping and dining. Conveniently located minutes to schools, the lake, highways, both airports and downtown.
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