156 Royal York Rd
Mimico, Toronto
$1,099,000
Buy with Dwelly and Save $10,990
Home Details
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Listing Description
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.
3 Fridges, 3 stoves, 2 built-in microwave range hoods, 1 built-in dishwasher, 1 range exhaust fan, coin washer, coin dryer, dual zone furnace, tankless hot water heater, lawn mower, inter-connected smoke alarms between apartments
City: Toronto
Neighborhood: Mimico
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Jun 16, 2025 | 76 | $1,119,000 | N/A | Expired | W12222886 |
| Jan 31, 2025 | 120 | $1,159,000 | N/A | Expired | W11949190 |
| Sep 9, 2024 | 87 | $1,159,000 | N/A | Suspended | W9310508 |
| May 3, 2024 | 89 | $1,200,000 | N/A | Expired | W8301498 |
| Aug 25, 2022 | 2 | $1,900 | $1,900 | Leased | W5743780 |
| Feb 17, 2021 | 35 | $1,350,000 | N/A | Suspended | W5118820 |
| Aug 20, 2009 | 11 | $369,000 | $406,000 | Sold | W1689780 |
Rooms
Room dimensions for 156 Royal York Rd, Toronto
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 156 Royal York Rd is 5748
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1099000 |
| Down Payment | $219800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $879200 |
Monthly Payment
| Mortgage Payment | $5418 |
| Property Taxes | $330 |
| Maintenance Fees | $0 |
| Monthly Payment | $5748 |
Sold Comparables
Sold Comparables homes near 156 Royal York Rd, Toronto
About 156 Royal York Rd, Toronto
Located at 156 Royal York Rd , this Toronto house is available for sale. This property was listed for $1,099,000 on Tue Sep 16 2025. This house's size is 1100-1500 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: Kitchen, Living, Dining, Br, 2nd Br, Kitchen, Living, Dining, Br, Office, Kitchen, Living, Br. This property comes with 3 parking spots. 156 Royal York Rd, Toronto is situated in the Mimico neighbourhood.
MLS#: W12406957 · $1,099,000 · 3 bedroom house in Mimico, Toronto