28 Algoma Street, Toronto | Image 1

28 Algoma Street

Toronto, Mimico

  • Commercial

$2,298,888
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Apts-2 To 5 Units

  • Zoning: Residential - Mu

  • Age: 31-50 years

  • Taxes: 5629.32

  • MLS®#: W12005038

  • Days on Site: 6 Days

  • Added: Mar 06, 2025 (1 month ago)

  • Updated:

  • Last Checked: 3 weeks ago

  • Listed By: RE/MAX REALTY ENTERPRISES INC.

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.

Property

  • Status: Sale

  • Type: Apts-2 To 5 Units

  • Property Type: Investment

  • Property Type: Apartment

  • Age: 31-50

  • Area: Toronto

  • Community: Mimico

  • Availability Date: 30 Days

Inside

  • Bathrooms: 4

  • Air Conditioning: Y

  • Washrooms: 4

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2024

  • Tax Legal Description: Plan M110 Lot 92

  • Taxes: $5,629

  • Expenses: Est

  • Taxes Type: Annual

Land

  • Cross Street: Royal York & Algoma

  • Municipality District: Toronto W06

  • Parcel Number: 076180135

  • Sewer: San+Storm

  • Lot Depth: 125.5 Feet

  • Lot Frontage: 50 Feet

  • Zoning: Residential - Mu

Additional Media

  • Virtual Tour: https://houses-by-hilary.aryeo.com/sites/28-algoma-st-toronto-on-m8y1c3-2568300/branded

Commercial Specific

  • Total Area: 2753

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Franchise: N

  • Lot Code: Lot

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Very Walkable

  • Most errands can be accomplished on foot.
70 /100

Good Transit

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

Very Bikeable

  • Most errands can be accomplished on bike.
70 /100
Map of 28 Algoma Street, Toronto
JK-5

George R Gauld Junior School

Elementary: Public
0.08 km
6-8

Karen Kain School of the Arts

Elementary: Public
1.11 km
JK-8

St Louis Catholic School

Elementary: Catholic
0.54 km
JK-5

David Hornell Junior School

Elementary: Public
0.84 km
JK-8

St Leo Catholic School

Elementary: Catholic
0.77 km
JK-8

John English Junior Middle School

Elementary: Public
1.10 km
9-12

Lakeshore Collegiate Institute

Secondary: Public
2.72 km
9-12

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Secondary: Public
4.74 km
9-12

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Secondary: Public
1.13 km
9-12

Etobicoke Collegiate Institute

Secondary: Public
3.72 km
9-12

Father John Redmond Catholic Secondary School

Secondary: Catholic
3.27 km
9-12

Bishop Allen Academy Catholic Secondary School

Secondary: Catholic
1.51 km

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