$3,999,900

FOR SALE

Multiplex 2-Storey

Bedrooms: 9+6Bathrooms: 9Lot: 50 x 125 ft
2023 Taxes: $15,801.15

231 Melrose St
Toronto, ON M8Y 1B8 | Mimico

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Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! The Units Are Updated And Bright, Very Clean & Easy To Rent. Very Well Managed Building With Great Tenants, In A Perfect Location, Near GO Station, Amenities, The Lake And The Gardiner ExpressWay.

Extras

9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A.

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Listed By	RIGHT AT HOME REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	W8267086
Last Updated	Apr 25, 2024

Property Summary

Property Type	Multiplex More like this: Toronto Multiplex for Sale
PIN	076180214
Legal Description	PCL 11-1, SEC M110; LT11, PL M110; ETOBICOKE, CITY OF TORONTO
Possession Date	Immediate
Taxes (2023)	$15,801.15
Directions/Cross Streets	South Kingsway & South Of Qew
Neighbourhood	Mimico
Area	Toronto

Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Fronting On	S
Property Features	Hospital, Public Transit, School
Special Designations	Unknown
Bedrooms	9+6
Bathrooms	9
Rooms	39
Kitchens	9
Lot	50 x 125 ft
Approximate Square Footage	5000+
Exterior	Brick
Elevator	N
Air Conditioning	Window Unit
Family Room	N
Fireplace/Stove	N
Pool	None
Basement	Finished
Drive	Private
Garage Spaces	0.0
Garage Type	None
Total Parking Spaces	9.0
Heat Source	Gas
Heat Type	Radiant
Sewers	Sewers
Water	Municipal
Seller Property Info Statement	N

Bathrooms

Pieces	Level
4	Lower
4	Upper
4	Upper

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