231 Melrose St

Toronto W06 | Mimico | M8Y 1B8
  • 9 + 6
  • 9
  • 0

$3,199,900

Est. Mtg $10,850 /mo
  • Days on market

    36

  • Status

    Sc

Listing Broker RIGHT AT HOME REALTY
Since listed: 0 views

Home details

MLS #:

W9297693

Property type:
Multiplex
Style:
2-Storey
Taxes:
$15,801
Possession:
Immediate, TBD
Lot Front:
50.0   Feet
Lot Depth:
125.0   Feet
Basement:
Finished |
Driveway Pkg:
0
Heat:
Gas | Radiant

Description


231 Melrose St, , Toronto, Ontario is a Multiplex property in Toronto W06 and in the Mimico community in the M8Y 1B8 postal code


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..

Extras

2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A..


History

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List Date End Date List Price End Price Status MLS #
2024-04 2024-05 $3,999,900 $3,999,900 Ter W8267086
2024-05 2024-06 $3,699,900 $3,699,900 Ter W8338822
2024-06 2024-09 $3,495,000 $3,495,000 Ter W8454102
2024-09 2024-09 $3,199,900 $3,199,900 Sc W9297693

Comparables

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sold Date Address List Price sold Price DOM
2019-05 131 Lake Cres, $1,925,000 $1,750,000 53

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 231 Melrose St

Based on available 3rd party data

$12302

Approximate costs per month

Mortgage
$10850 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1316 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Hospital
  • Public Transit
  • School
Listing Broker RIGHT AT HOME REALTY
Data Source: TRREB

Payment calculator

$12167 monthly. In association with: TD Bank
%
  • Principal and Interest
    10850 /mo
  • Property Taxes
    $1316 /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

Rena Alessa, Realtor

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