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231 Melrose ST Toronto W06, ON M8Y 1B8
9 Beds
9 Baths
Key Details
Sold Price -
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 5000 +
Municipality Toronto W06
Subdivision Mimico
MLS Listing ID W9297693
Sold Date -
Style 2-Storey
Bedrooms 9
Annual Tax Amount $15,801
Tax Year 2023
Property Sub-Type Multiplex
Property Description
A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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.
Location
Province ON
County Toronto
Community Toronto W06
Area Toronto
Rooms
Family Room No
Basement Finished
Kitchen 9
Separate Den/Office 6
Interior
Interior Features Intercom, Separate Hydro Meter, Separate Heating Controls
Cooling Window Unit(s)
Exterior
Exterior Feature Controlled Entry
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 125.0
Total Parking Spaces 9
Building
Foundation Concrete
Others
Security Features Carbon Monoxide Detectors,Security System,Smoke Detector
ParcelsYN No
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