$2,298,888
FOR SALE

Investment

Lot: 50 x 125.5 ftTotal Area: 2,753 ft2
2024 Taxes: $5,629.32

28 Algoma St
Toronto, ON M8Y 1C3 | Mimico

Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. See attached feature sheet for additional estimated financial information. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth.
Share
Listed By RE/MAX REALTY ENTERPRISES INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W12005038
Last Updated Mar 07, 2025
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 076180135
Legal Description Plan M110 Lot 92
Occupancy Vacant
Possession Date 30 Days
Taxes (2024) $5,629.32
Tax Type Annual
Directions/Cross Streets Royal York & Algoma St
Neighbourhood Mimico
Area Toronto
Price History

Interested in obtaining the full price history for this property?
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
Freestanding Y
Bathrooms 4
Lot 50 x 125.5 ft
Total Area 2,753 ft2
Approximate Age 31-50
Elevator None
Air Conditioning Y
Basement Y
Garage Type Outside/Surface
Parking Spaces 6
Heat Type Gas Forced Air Open
Expenses Actual/Estimated Est
Area Influences Major Highway, Public Transit
Sewers San+Storm
Utilities A
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Residential - Multi
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)