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.
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Sold history
General Info
9 bedroom semi-detached house in Toronto 40 Cavell Ave, MLS: W9767744
Style | Type
2-storey | multiplex
Lot Width
29.6 ft
Lot Length
163.4 ft
Rooms
Bedrooms
9
Total Rooms
27
Bathrooms
6
Basement
finished
Parking
Garage spaces
0
Total spaces
8
Driveway
available
Financial info
Taxes
$8,256 / 2023
Additional info
Fireplace/Stove
none
Heating
radiant
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.