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40 Cavell Ave Toronto, Ontario M8V 1P2

9 Bedroom 6 Bathroom
Radiant Heat

$3,079,000

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in 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 secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Modern Upgrades to majority of units, hallways, stairs and exterior. Separately metered units (7), Coin Laundry for added income, Expansive Rear Parking - 8 spots. Opportunity to add units to existing structure, Large Tenant Green space in Front Yard. Steps to Mimico GO Station, QEW, Lakeshore, Parks, Schools, San Remo's. High Return, Minimal Management turn-key building. Fire Inspection 2021. See agent for Income. **** EXTRAS **** Newer Furnace & Boiler (6 Years), 4080 Square Feet Above Grade, and Additional Almost 2000 Square Feet Below Grade. (id:48469)

Property Details

MLS® Number W7314004
Property Type Multi-family
Community Name Mimico
Parking Space Total 8

Building

Bathroom Total 6
Bedrooms Above Ground 9
Bedrooms Total 9
Basement Development Finished
Basement Type N/a (finished)
Exterior Finish Brick
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Type Other

Land

Acreage No
Size Irregular 29.64 X 163.4 Ft ; Irregular 66.10 Feet In Rear
Size Total Text 29.64 X 163.4 Ft ; Irregular 66.10 Feet In Rear

https://www.realtor.ca/real-estate/26300492/40-cavell-ave-toronto-mimico

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