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.
| Address |
231 Melrose St |
| List Price |
$3,999,900 |
| Property Type |
Free |
| Type of Dwelling |
Multiplex |
| Style of Home |
2-Storey |
| Area |
Toronto W06 |
| Sub-Area |
Mimico |
| Bedrooms |
9 |
| Bathrooms |
9 |
| Floor Area |
5,000 Sq. Ft. |
| MLS® Number |
W8267086 |
| Listing Brokerage |
RIGHT AT HOME REALTY
|
| Postal Code |
M8Y 1B8 |
| Tax Amount |
$15,801 |
| Tax Year |
2023 |
