$2,795,000
FOR SALE

Investment

Lot: 16.5 x 132 ftTotal Area: 2,178 ft2
2024 Taxes: $7,378

56 Mimico Ave
Toronto, ON M8V 1R3 | Mimico

56 Mimico Avenue/120/122/124 Queens Avenue. A great opportunity in highly sought after Mimico Village. Commercial/Residential Multi-Plex. Building fully updated, with State of the Art Mechanics. Lovely main floor commercial space presently used as Ladies Hair Salon, plus 4 apartments. Fully Tenanted month to month. Great Location, within short walk to Lakeshore Boulevard Streetcar, Shops, Cafes, Schools, Mimico Go Train Station, Bus to Subway.*Sellers will consider holding a VTB First Mortgage, Attractive terms to be arranged* See attachment fro updated pictures
Extras
4 Refrigerators, 4 Stoves, Coin-op Washer and Dryer.
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Listed By RE/MAX PROFESSIONALS INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W8208094
Last Updated Apr 17, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 076150075
Legal Description Part Lot 180, Plan M77
Occupancy Tenant
Possession Date 30 Days/TBA
Taxes (2024) $7,378
Tax Type Annual
Directions/Cross Streets Lake Shore Blvd W & Mimico Ave
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 N
Lot 16.5 x 132 ft
Retail Area 650 ft2
Office/Apt Area 1,528 ft2
Total Area 2,178 ft2
Approximate Age 51-99
Elevator None
Air Conditioning N
Basement Y
Garage Type Single Detached
Heat Type Gas Hot Water
Financial Statement Y
Gross Income/Sales $100,029
Net Income Before Debt $84,651
Hydro Expense $770
Water Expense $3,310
Heat Expenses $1,820
Insurance Expense $2,100
Operating Expenses $15,378
Taxes Expense $7,378
Year Expenses $2,023
Expenses Actual/Estimated Est
Area Influences Major Highway, Public Transit
Utilities Y
Water Municipal
UFFI No
Rail N
Lot/Bldg/Unit Code Lot
Zoning Commercial
Seller Property Info Statement N

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