231 Melrose Street, Toronto (Mimico), Ontario M8Y1B8 is For Sale and has a listing price of 3,199,900. The property is located in the Mimico neighbourhood. It's been on the website for 16 Days.
A Wonderful Opportunity To Own This Purpose-Built Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom And 3 1-Bedroom Units With 2 Balconies. These 15 Bedrooms In Total Produce About $172k Of Gross Annual Rental Income With A Potential To Further Improve Easily. This Building Is Always Fully Rented Due To Great Management And Care By The Owner, And Offers A Fabulous Up-Side On Tenant Turnover. This Could Account Upward Of 5.7% Of The Return On The Investment Plus A Building Ownership That Grows Equity! 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 **** 2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A. (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 09/04/2024 | W9297693 | $3,199,900 | For Sale | - | - |
| 06/18/2024 | W8454102 | $3,495,000 | For Sale | - | - |
| Living room - Ground | 5 m x 2.7 m |
