See all 14 photos
14 photos
REQUEST A TOUR
$2,499,900
Est. payment /mo
3 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision Alderwood
MLS Listing ID W12160307
Style 2-Storey
Bedrooms 3
Annual Tax Amount $5,265
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 115.37
Lot Front 40.05
Appx SqFt 2000-2500
Property Description
Fully Renovated Six units. 5% CAP RATE! Assumable mortgage of $1,745,000 at 4.25% (to 2032).CMHC-Insured Mortgage. South Etobicoke Gem. 5.5% return on cash! All units renovated to New Condo Standard! Exceptional turnkey 6-unit building fully gutted and renovated in 2021/2022 to condo standards. Each unit features new kitchens, soft close cabinet doors, new bathrooms, new flooring, and includes 6 new appliances (fridge, stove, dishwasher, microwave, washer, and dryer). Upgraded mechanicals, new high-efficiency furnace, 6 new (wall mounted) AC systems, and modern finishes throughout make this a rare hands-off investment. Strong rental income with a current 5% cap rate. Private drive with parking for 5 cars. Outstanding investor advantage with an assumable CMHC-insured mortgage of $1,745,000 at 4.25%fixed until December 2032, providing below-market financing and excellent cash flow stability. Located in desirable South Etobicoke, close to transit, major highways, and amenities. A rare opportunity to own a fully stabilized, low-maintenance asset with built-in financing in a high-demand rental market. All rents are market or above (one unit vacant for showings).
Location
Province ON
County Toronto
Community Alderwood
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 6
Separate Den/Office 1
Interior
Interior Features Other
Cooling Central Air
Inclusions 6 fridges, 6 stoves, 6 dishwashers, 6 dryers, 6 washers, 6 microwaves, 6 wall mounted AC
Exterior
Parking Features Private
Pool None
Roof Type Not Applicable
Lot Frontage 40.05
Lot Depth 115.37
Total Parking Spaces 5
Building
Foundation Not Applicable
Others
Senior Community Yes
Read Less Info
Listed by HARVEY KALLES REAL ESTATE LTD.
Get More Information
