144 Lake Cres

Toronto W06 | Mimico | M8V 1W1
  • 5
  • 3
  • 0

$1,549,000

Est. Mtg $5,252 /mo
  • Days on market

    38

  • Status

    New

Listing Broker RE/MAX PROFESSIONALS INC.
Since listed: 3 views

Home details

MLS #:

W8394042

Property type:
Triplex
Style:
2-Storey
Taxes:
$4,904
Possession:
Immediate/TBA
Lot Front:
29.0   Feet
Lot Depth:
125.0   Feet
Basement:
Apartment | Sep Entrance
Driveway Pkg:
2
Heat:
Gas | Forced Air

Description


144 Lake Cres, , Toronto, Ontario is a Triplex property in Toronto W06 and in the Mimico community in the M8V 1W1 postal code


Attention High Cap Rate Lovers ! This is the one ! Great Mimico Village Triplex, with many upgrades, (Flooring, Electrical, 3 New Washers and Dryers. AND VACANT POSSESSION ! 3 Lovely, Bright, Spotless Apartments, Two 2 Bedroom and One Large Bachelor, each with their own Laundry and Central Air Conditioning. Current Market Rents should bring in around $71,000-$72,00 NET for a CAP Rate of 4.8% to 5% depending on selling price. This super Property comes with a Double Private Driveway, Garage, and has a Lovely Secluded Rear Garden. Set in the Heart of highly Sought After Mimico Village, where much new Development is happening, within easy reach of Go Train , Bus to Royal York Subway, Street Car, Shops and Cafes, Schools, and Major Highways to Downtown and the Airport..

Extras

.


History

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List Date End Date List Price End Price Status MLS #
2023-04 2023-05 $2,900 $2,900 Lsd W6047373
2023-05 2023-05 $3,100 $3,100 Lsd W5927968
2023-05 2024-05 $2,000 $2,000 Exp W6058460
2024-03 2024-05 $1,899,999 $1,899,999 Ter W8109652
2024-05 2024-05 $1,599,999 $1,599,999 Ter W8306774
2024-05 2024-06 $1,549,000 $1,549,000 New W8394042

Comparables

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sold Date Address List Price sold Price DOM
2024-03 16 Simpson Ave, $1,599,900 $1,550,000 13
2021-12 291 Royal York Rd, $1,499,000 $1,405,000 58
2021-06 52 Hay Ave, $1,499,000 $1,432,000 12
2021-06 243 Melrose St, $1,200,000 $1,150,000 12
2019-10 68 Wheatfield Rd, $1,399,000 $1,300,000 48

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Toronto W06 :

Average sale price

$1,724,688

Properties sold

24

New Listings

47

Days on Market

9

Sale $ / List $

105%

Year on Year Growth

-1.91%



Estimated running costs for 144 Lake Cres

Based on available 3rd party data

$5796

Approximate costs per month

Mortgage
$5252 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$408 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Lake/Pond
  • Park
  • Public Transit
  • Rec Centre
  • School
Listing Broker RE/MAX PROFESSIONALS INC.
Data Source: TRREB

Payment calculator

$5661 monthly. In association with: TD Bank
%
  • Principal and Interest
    5252 /mo
  • Property Taxes
    $408 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gunpreet Kochar, Realtor

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