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$1,699,500
Est. payment /mo
6 Beds
3 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $1,133
Subdivision Mimico
MLS® Listing ID W12178276
Bedrooms 6
Source Toronto Regional Real Estate Board
Property Description
EXCEPTIONAL Investment Opportunity or Ideal Multi-Generational Home! Discover a rare chance to own an updated income-generating triplex with a CAP Rate of 4.1%. A standout opportunity for savvy investors or those seeking a spacious, multi-generational living solution for the entire family. The top & main floor apartments are fully furnished & with both leases expiring at the end of this summer, they can be turned into AirBnB units for potentially more income generation. With a yearly rental revenue of $83,057, this triplex presents a fantastic opportunity to boost returns. Full inspection has been completed & the report is available/attached. Close to the airport, the bus stop is just a short walk away, GO Train, Humber College, the waterfront, & all essential amenities. It consists of 3 spacious two-bedroom units, each thoughtfully updated to provide modern living spaces. The entire building, including all common areas & units, has been freshly painted & extensively renovated. Recent upgrades include a reshingled roof & insulation to enhance efficiency. The basement unit has been renovated, featuring a new fire escape window, kitchen, new tiles & laminate flooring throughout. The main floor & top-floor units have also been updated with renovated kitchens & laminate flooring. The top-floor apartment boasts new kitchen countertops & upgraded cupboard doors. The property features two walkout balconies up front & one walkout to a sundeck at the rear with a private entrance. A complete list of upgrades is available. 3 separate hydro meters & hot water tanks. Coin-operated washer & dryer. All electrical updated. The property offers 5 parking spots, one at the front & 4 at the back of the building, making it convenient for tenants. Whether you are an investor looking for a high-return property or a homeowner seeking additional rental income, this triplex is a rare find in a highly sought-after area. See attached for financials, floor plans & a complete list of upgrades. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 5.12 m X 3.19 m Living room
Extra Room 2 Second level 2.91 m X 2.53 m Dining room
Extra Room 3 Second level 3.08 m X 2.24 m Kitchen
Extra Room 4 Second level 4.53 m X 2.76 m Bedroom
Extra Room 5 Second level 3.55 m X 2.5 m Bedroom 2
Extra Room 6 Basement 3.89 m X 2.97 m Living room
Interior
Heating Forced air
Cooling Window air conditioner
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.