$3,079,000^{FOR SALE}

Investment

Lot: 29.64 x 163.4 ftTotal Area: 4,080 ft²
2023 Taxes: $8,256

40 Cavell Ave
Toronto, ON M8V 1P2 | Mimico

Welcome to 40 Cavell Ave, a 6-unit Multiplex with a tremendousCap 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. Set your own rate in two empty units (2 bed and 1 bed). 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.

Extras

Newer Furnace & Boiler (6 years), 4080 square feet above grade, and additional almost 2000 square feet below grade. VTB Mortgage available.

Listed By	ROYAL LEPAGE SIGNATURE REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	W7313994
Last Updated	Nov 27, 2023

Property Summary

Property Type	Investment More like this: Toronto Investment for Sale
Category	Apartment
Legal Description	PCL 121-1, SEC M68 ; PT LTS 121 & 140
Occupancy	Partial
Possession Date	60-90
Taxes (2023)	$8,256
Tax Type	Annual
Directions/Cross Streets	Royal York & Qew
Neighbourhood	Mimico
Area	Toronto

Price History

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Detailed Information

Freestanding	Y
Bathrooms	6
Lot	29.64 x 163.4 ft
Lot Irregularities	Lot 66 Feet Wide In Back
Office/Apt Area	4,080 ft²
Total Area	4,080 ft²
Elevator	None
Air Conditioning	Part
Basement	Y
Chattels	N
Garage Type	None
Parking Spaces	8
Days Open	V
LLBO	N
Heat Type	Radiant
Financial Statement	Y
Sewers	Sanitary
Utilities	A
Water	Municipal
Rail	N
Lot/Bldg/Unit Code	Lot
Zoning	RM
Seller Property Info Statement	N

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40 Cavell Ave, Toronto, ON M8V 1P2

Investment

40 Cavell Ave Toronto, ON M8V 1P2 | Mimico

40 Cavell Ave
Toronto, ON M8V 1P2 | Mimico