40 Cavell Ave

Mimico, Etobicoke, Toronto

40 Cavell Ave
40 Cavell Ave
40 Cavell Ave
+37
9
 bed
6
 bath
8
 parking
-
 sqft
Multiplex
$2,799,000
For Sale
135 days
 on site
$2,799,000
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Size
-
Lot size
4843 sqft
Street frontage
N
Possession
Flexible
Price per sqft
-
Taxes
$8,256 (2023)
Parking Type
-
Style
2-Storey
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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. **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.

EXTRAS:
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: W9767744
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Property details
Parking:
8
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
-
Lot front:
30 Ft
Lot depth:
163 Ft
Listed on:
Oct 27, 2024
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Instant estimate:
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$176,403
lower than listed price
i
High
$2,716,126
Mid
$2,622,597
Low
$2,490,638
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About 40 Cavell Ave

Located at 40 Cavell Ave, this Etobicoke multiplex is available for sale. This multiplex was listed at $2799000 in October 2024 and has 9 beds and 6 bathrooms. 40 Cavell Ave resides in the Etobicoke Mimico neighbourhood, and nearby areas include Stonegate Queensway, New Toronto, Swansea and Baby Point.

Some good places to grab a bite are Frecles Fox Restaurant, Royal Mimico Pub or Village Grill Restaurant. Venture a little further for a meal at one of Mimico neighbourhood's restaurants. If you love coffee, you're not too far from Country Style located at 2275 Lake Shore Blvd W. For grabbing your groceries, Mimico Bagel & Coffee is a 5-minute walk.

If you are reliant on transit, don't fear, 40 Cavell Ave, Toronto has a public transit Bus Stop (Portland St at Milton St West Side) not far. It also has route Royal York South close by. For drivers at 40 Cavell Ave, it might be easier to get around the city getting on or off Gardiner Expressway and Islington Ave, which is within a 4-minute drive.