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Listed by Royal Lepage Signature Realty.
40 Cavell Avenue is a Multiplex, 2-Storey and is currently for Sale @ $2,899,000. Taxes in 2023 were $8,256.00.
More homes for sale under 2.9M in Toronto
Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4. The 2-Storey on 40 Cavell Avenue has 9 bedrooms, 6 bathrooms, and is located on a 163.40 x 29.64 ft lot in the community of Mimico .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.
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.
The address 40 Cavell Avenue was listed for sale (MLS# W8355882) on Tuesday, May 21, 2024.
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| List Date | List Price | Last Status | Sold Date | Sold Price | Days On Market |
|---|---|---|---|---|---|
| 0000-00-00 | $00000 | Sld | N/A | N/A | |
| 0000-00-00 | $00000 | Exp | N/A | N/A | N/A |
| 0000-00-00 | $00000 | Sld | Feb 28, 2012 | $800,000 | |
| 0000-00-00 | $00000 | Ter | N/A | N/A | N/A |
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29.64 x 163.40 ft lot
