40 Cavell Ave

Toronto W06 | Mimico | M8V 1P2
  • 9
  • 6
  • 0

$2,899,000

Est. Mtg $9,830 /mo
  • Days on market

    144

  • Status

    New

Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Since listed: 2 views

Home details

MLS #:

W8355882

Property type:
Multiplex
Style:
2-Storey
Taxes:
$8,256
Possession:
Flexible
Lot Front:
29.64   Acres
Lot Depth:
163.4   Acres
Basement:
Finished |
Driveway Pkg:
8
Heat:
Gas | Radiant

Description


40 Cavell Ave, , Toronto, Ontario is a Multiplex property in Toronto W06 and in the Mimico community in the M8V 1P2 postal code


Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto(Etobicoke), an are experiencing an incredible amount of growth by way of several mixed use condo development projects near by. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large 1-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out of the 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, San Remo Bakery. High return, minimal management turn-key building..

Extras

Newer furnace and boiler (6years). Fire Inspection 2021. 4800 Square Feet above grade and an almost 2000 square feet below. Recent vacant units were leased in less than a week for full ask - high demand area..


History

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List Date End Date List Price End Price Status MLS #
2023-11 2024-05 $3,079,000 $3,079,000 Exp W7314004
2023-12 2023-12 $2,600 $2,600 Lsd W7350024
2024-02 2024-02 $2,200 $2,200 Lsd W8071846
2024-05 2024-05 $2,899,000 $2,899,000 New W8355882
2024-05 $3,079,000 $3,079,000 W7313994

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 40 Cavell Ave

Based on available 3rd party data

$10653

Approximate costs per month

Mortgage
$9830 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$688 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Data Source: TRREB

Payment calculator

$10518 monthly. In association with: TD Bank
%
  • Principal and Interest
    9830 /mo
  • Property Taxes
    $688 /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

Ali Norouzi, Realtor

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