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BEDROOMS5
BATHROOMS4
KITCHENS16
ROOMSW7041146
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-28 | 2024-04-05 | 190 | $2,900,000 | - | Terminated |
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Property Description
Right in the Heart of Mimico Village and Perfectly Located for Subway Bus, Lakeshore Streetcar, No Frills Supermarket, San Remo Bakery, Mimico Go Train Station, Lakefront Parks, Major Highways, Downtown Toronto, Great, Fully Renovated and Tenanted Commercial Building consisting of 56 Mimico Avenue, 120, 122, & 124 Queens Avenue. Main Floor Commercial Space of 650 sq. ft, used as Busy Ladies Hair Salon, plus 3 x 2 Bedroom Apartments, 1 x 1 Bedroom Apartment. Mechanical Upgrades done over the past few years include Roof, Windows, Electrical, Plumbing, Heating ( New Wall Mounted Gas Boiler ). Excellent Financials , Gross Income approximately $105,000, Expenses approximately $10,000 ( NOTE: Tenants pay $3,000. per year of the Annual Property Taxes and their own Hydro and Hot Water, ) Net Income approximately $95,000. Very good Tenants, See Attachment for Financials.
Extras
Full property address: 56 Mimico Ave, 120, 122 & 124 Queens Ave.
Nearby Intersections
Lake Shore & Park Lawn (312)
Property Features
Library, Park, Place Of Worship, Public Transit, School, Waterfront
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Property Details
Street
Community
City
Property Type
Store W/Apt/Office, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
16' x 132'
Fronting
West
Taxes
$7,378 (2023)
Basement
Part Fin
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Attached
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