231 Melrose Street, Toronto | Image 1

231 Melrose Street

Toronto, Mimico

  • 9 bed 9 bath 5000 sqft
$3,999,900 est.*: $13,550/mo
For Sale

Added 1 week ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Size: 5000 sqft

  • Lot Size: 50 x 125 Feet

  • Age: No Data

  • Taxes: $15,801 per year

  • Days on Site: 1 Days

  • Added: Apr 24, 2024 (1 week ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: W8267086

  • Listed By: Right at home realty

Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.

Extras

9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Size (sq ft): 5000

  • Area: Toronto

  • Community: Mimico

  • Availability Date: Immediate

Inside

  • Bedrooms: 9

  • Bedrooms Plus: 6

  • Bathrooms: 9

  • Kitchens: 9

  • Rooms: 39

  • Den/Family Room: No

  • Air Conditioning: Window Unit

  • Fireplace: No

  • Washrooms: 9

Building

  • Basement: Finished

  • Heat Type: Radiant

  • Heat Source: Gas

  • Exterior: Brick

  • Elevator: N

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Private

  • Garage Type: None

  • Total Parking Spaces: 9

Fees

  • Tax Year: 2023

  • Tax Legal Description: PCL 11-1, SEC M110; LT11, PL M110; ETOBICOKE, CITY OF TORONTO

  • Taxes: $15,801

Highlights

  • Feature: Hospital

  • Feature: Public Transit

  • Feature: School

Land

  • Cross Street: South Kingsway & Sou

  • Municipality District: Toronto W06

  • Fronting On: South

  • Parcel Number: 076180214

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 125 Feet

  • Lot Frontage: 50 Feet

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Very Walkable

  • Most errands can be accomplished on foot.
86 /100

Good Transit

  • Some errands can be accomplished by public transportation.
66 /100

Very Bikeable

  • Most errands can be accomplished on bike.
72 /100
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Map of 231 Melrose Street, Toronto
JK-5

George R Gauld Junior School

Elementary: Public
0.07 km
6-8

Karen Kain School of the Arts

Elementary: Public
1.25 km
JK-8

St Louis Catholic School

Elementary: Catholic
0.68 km
JK-5

David Hornell Junior School

Elementary: Public
0.76 km
JK-8

St Leo Catholic School

Elementary: Catholic
0.63 km
JK-8

John English Junior Middle School

Elementary: Public
0.96 km
9-12

The Student School

Secondary: Public
4.52 km
9-12

Lakeshore Collegiate Institute

Secondary: Public
2.65 km
9-12

Etobicoke School of the Arts

Secondary: Public
1.28 km
9-12

Etobicoke Collegiate Institute

Secondary: Public
3.86 km
9-12

Father John Redmond Catholic Secondary School

Secondary: Catholic
3.18 km
9-12

Bishop Allen Academy Catholic Secondary School

Secondary: Catholic
1.66 km

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