28 Algoma St

Toronto W06 | Mimico | M8Y 1C3
  • 4 + 2
  • 4
  • 0

$2,298,888

Est. Mtg $7,795 /mo
  • Days on market

    42

  • Status

    Sc

Listing Broker RE/MAX REALTY ENTERPRISES INC.
Since listed: 0 views

Home details

MLS #:

W12008823

Property type:
Fourplex
Style:
2-Storey
Taxes:
$5,629
Possession:
30 Days, ASAP
Lot Front:
50.0   Feet
Lot Depth:
125.5   Feet
Basement:
Fin W/O | Full
Driveway Pkg:
6
Heat:
Gas | Forced Air

Description


28 Algoma St, , Toronto, Ontario is a Fourplex property in Toronto W06 and in the Mimico community in the M8Y 1C3 postal code


Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2020-11 2021-01 $1,649,000 $1,600,000 Sld W4995215
2021-12 2021-12 $1,688,888 $1,688,888 Sus W5448718
2021-12 2022-03 $1,750 $1,590 Lsd W5460254
2022-07 2022-08 $1,600 $1,700 Lsd W5715648
2023-02 2023-06 $1,950 $1,950 Sus W5915351
2023-05 2023-06 $2,200 $2,200 Lsd W6063820
2024-01 2024-02 $1,800 $1,800 Lsd W7380064
2024-08 2024-11 $2,200 $2,050 Exp W9252539
2024-08 2024-11 $3,500 $3,100 Exp W9252573
2024-09 2024-11 $1,950 $1,800 Sus W9308878
2025-03 2025-03 $2,298,888 $2,298,888 Sc W12008823
2023-03 $1,988,888 $1,988,888 W5734321
2025-03 $2,298,888 $2,298,888 W12005038

Comparables

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sold Date Address List Price sold Price DOM

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 28 Algoma St

Based on available 3rd party data

$8399

Approximate costs per month

Mortgage
$7795 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$469 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker RE/MAX REALTY ENTERPRISES INC.
Data Source: TRREB

Payment calculator

$8264 monthly. In association with: TD Bank
%
  • Principal and Interest
    7795 /mo
  • Property Taxes
    $469 /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

Raymond Chin, Realtor

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