40 Cavell Avenue, Toronto | Image 1

40 Cavell Avenue

Toronto, Mimico

  • 9 bed 6 bath
$2,899,000 est.*: $9,821/mo
For Sale

Added 2 weeks ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 29.64 x 163.4 Acres

  • Age: No Data

  • Taxes: $8,256 per year

  • Days on Site: 2 Days

  • Added: Oct 27, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 6 hours ago

  • MLS®#: W9767744

  • Listed By: Royal lepage signature realty

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.

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Area: Toronto

  • Community: Mimico

  • Availability Date: Flexible

Inside

  • Bedrooms: 9

  • Bathrooms: 6

  • Kitchens: 6

  • Rooms: 27

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 6

Building

  • Basement: Finished

  • Heat Type: Radiant

  • Heat Source: Gas

  • Exterior: Brick

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Available

  • Garage Type: None

  • Covered Parking Spaces: 8

  • Total Parking Spaces: 8

Fees

  • Tax Year: 2023

  • Tax Legal Description: Irregular 66.1 feet wide in rear

  • Taxes: $8,256

Land

  • Cross Street: Royal York and QEW

  • Municipality District: Toronto W06

  • Fronting On: North

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 163.4 Acres

  • Lot Frontage: 29.64 Acres

Additional Media

  • Virtual Tour: https://tours.vision360tours.ca/40-cavell-avenue-etobicoke/
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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.
67 /100

Very Bikeable

  • Most errands can be accomplished on bike.
80 /100
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Map of 40 Cavell Avenue, Toronto
JK-5

George R Gauld Junior School

Elementary: Public
0.52 km
6-8

Karen Kain School of the Arts

Elementary: Public
1.58 km
JK-8

St Louis Catholic School

Elementary: Catholic
1.08 km
JK-5

David Hornell Junior School

Elementary: Public
0.38 km
JK-8

St Leo Catholic School

Elementary: Catholic
0.46 km
JK-8

John English Junior Middle School

Elementary: Public
0.67 km
9-12

The Student School

Secondary: Public
4.58 km
9-12

Ursula Franklin Academy

Secondary: Public
4.61 km
9-12

Lakeshore Collegiate Institute

Secondary: Public
2.76 km
9-12

Etobicoke School of the Arts

Secondary: Public
1.67 km
9-12

Father John Redmond Catholic Secondary School

Secondary: Catholic
3.19 km
9-12

Bishop Allen Academy Catholic Secondary School

Secondary: Catholic
2.04 km

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46 Twenty Second Street West, Toronto | MLS: W9032629
For Sale
4 months ago
$3,499,000
  • 10 bath
  • 9 bed
  • 5000 sqft

46 Twenty Second Street West, Toronto, Ontario • M8V 3M1 • New Toronto