Address
40 Cavell Ave, Toronto, ON
Price
$ 3,079,000
Property Attributes
  • MLS#W7314004
  • TypeMulti-Family
  • CityToronto
  • AreaMimico
  • NeighbourhoodToronto W06
  • Postal CodeM8V 1P2
  • Style2-Storey
  • Taxes$ 8256
  • Price$ 3,079,000
  • Bedrooms9
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage3500-5000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

Welcome to 40 Cavell Ave, a 6 Unit Multiplex with a fantastic 4.25% cap rate, in an area experiencing an incredible amount of growth by way of several mixed-use condo development projects nearby. A fantastic opportunity for investors looking to secure a foothold in the area. 3 2-bedroom apartments, 1 Massive 1-bedroom apartment, & 2 1-bedroom apartments. Modern Upgrades to majority of units, hallways, stairs and exterior. Separately metered units (7), Coin Laundry for added income, Expansive Rear Parking - 8 spots. Opportunity to add units to existing structure, Large Tenant Green space in Front Yard. Steps to Mimico GO Station, QEW, Lakeshore, Parks, Schools, San Remo's. High Return, Minimal Management turn-key building. Fire Inspection 2021. See agent for Income.

Price History
11/21/2023 Listed $3,079,000

General Features

Water Municipal
Garage Spaces 0.0
Pool Y/N None
Extras Newer Furnace & Boiler (6 Years),4080 Square Feet Above Grade,and Additional Almost 2000 Square Feet Below Grade.
Style 2-Storey
Heater Type Radiant
Parking Spaces 8
Community Amenities Mimico
Rooms 27
Area Toronto
Tax Year 2023
Lot Depth 163.40
Basement Finished
Status A
Taxes 8256.00
Legal Description PCL 121-1,SEC M68; PT LTS 121 & 140
Square Footage Range 3500-5000
Property Sub Type Multiplex
Lot Front 29.64
Type .M.

Interior Features

Family Room Yes
Total Bedrooms 9
Heat Source Gas
A/C None
Kitchens 6
Fireplace Stove No
Laundry Level Lower
Washrooms 6

Exterior Features

Garage Type None
Drive Private
Exterior Brick
Fronting On NSEW No
Sewers Sewers

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in M8V 1P2

Price
AVG $3.08M
$3.08M
Taxes
AVG $8,256
$8,256
Visits
AVG 248
247
Data Provided by Inside Real Estate®

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