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Other for sale: 40 CAVELL AVENUE, Toronto
40 Cavell Avenue
$2,799,000
Toronto , Ontario M8V1P2
9 bed
6 bath
About the Property

Royal York and QEW 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. (id:27476)

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Property Details
MLS® Number
W9767744
Type
Multi-family
Community Name
Mimico
Land Size
29.64 x 163.4 Acre
Parking Space Total
8
Building
Building Type
Other
Storeys
2
Bathrooms Total
6
Bedrooms Above Ground
9
Bedrooms Total
9
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A (Finished)
Building Heating Type
Radiant heat
Heating Fuel
Natural gas
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: ROYAL LEPAGE SIGNATURE REALTY

$2,799,000 - 40 CAVELL AVENUE, Toronto Ontario M8V 1P2, Canada | Real Estate For Sale | HomeAds.ca

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Updated April 18th 2025 4:29 am

Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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