28 Algoma St

28 Algoma St
28 Algoma St
28 Algoma St
+37
4+2
 bed
4
 bath
6
 parking
-
 sqft
Fourplex
Sold conditional
Listed for 
$2,298,888
Sold conditional
4 days
 on site
Sold conditional
Listed for 
$2,298,888
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Size
-
Lot size
6275 sqft
Street frontage
N
Possession
30 Days, ASAP
Price per sqft
-
Taxes
$5,629.32 (2024)
Parking Type
-
Style
2-Storey
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Description
Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.

EXTRAS:
Broker: RE/MAX REALTY ENTERPRISES INC.
MLS®#: W12008823
Property details
Parking:
6
Parking type:
-
Property type:
Fourplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
-
Lot front:
50 Ft
Lot depth:
126 Ft
Listed on:
Mar 9, 2025
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Instant estimate:
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$108,251
lower than listed price
i
High
$2,268,761
Mid
$2,190,637
Low
$2,080,412
391 Royal York Rd
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$999,999
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About 28 Algoma St

28 Algoma St is an Etobicoke fourplex for sale, near Royal York and Algoma St. It has been listed at $2298888 since March 2025. This fourplex has 4+2 beds and 4 bathrooms. 28 Algoma St, Etobicoke is situated in Mimico, with nearby neighbourhoods in Stonegate Queensway, New Toronto, Swansea and Islington-City Centre West.

For those that love cooking, The Bread Essentials is a short walk.

If you are looking for transit, don't fear, 28 Algoma St, Toronto has a public transit Bus Stop (Royal York Rd at Evans Ave North Side) nearby. It also has route Evans, route Royal York South, and more close by. If you're driving from 28 Algoma St, you'll have easy access to the rest of the city by way of Gardiner Expressway as well, which is within a 4-minute drive using on and off ramps on Islington Ave.