Wonderful investment opportunity. Currently set up as three completely renovated apartments. Great house extensively renovated in 2012-13. Perfect turn key investment with all three apartments currently rented on a month to month basis. Cap Rate of 4.37%!! Located in the heart of Mimico, steps to transit and the GO line. Just a short stroll to the lake and Mimico village. Great for first time home buyers with a double income to help pay the mortgage. Large private backyard, and parking for up to three cars. Don't wait, take advantage of the current buyer's market. This property is priced to sell. Rents are as follows. Basement $1350, Main floor $1750, Second Floor $1900. Total monthly income of $5000. Gross yearly income is $60,000. Operating expenses for 2024 $12,000. Net income $48,000.
City: Toronto W06
Located at 156 Royal York Road , this Toronto W06 house was listed for $1,049,000. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: . This property comes with 3 parking spots.
MLS#: undefined · $1,049,000 · 3 bedroom house in Toronto W06