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$2,649,000
Available - For Sale
Listing ID: W12110534
Welcome to 40 Cavell Ave, A 6-unit Multiplex that provides a 4.3% Cap Rate. Current actual Net Income of $124,870. 40 Cavell is located in the Mimico Area of Toronto(Etobicoke), an area experiencing an incredible amount of growth by way of several mixed use condo development project s nearby. A fantastic opportunity for investors looking to get a foothold in the area. 3 2-Bedroom apartments, 1 Extra Large l-Bedroom apartment, & 2 1-Bedroom apartments. Modern upgrades to 4 out of the 6 units as well as common areas and exterior. 7 separately metered units, Coin Laundry for added income, and expansive rear parking - 8 spots. Opportunity exists to add units to existing structure. Large Tenant Green Space in front yard. Steps to Mimico Go station, QEW, Lakeshore, parks, Schools, san Remo Bakery. High return, minimal management turn-key building.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $36,000 $72,000 $108,000 $144,000
First Mortgage $684,000 $648,000 $612,000 $576,000
CMHC/GE $18,810 $12,960 $10,710 $0
Total Financing $702,810 $660,960 $622,710 $576,000
Monthly P&I $3,010.08 $2,830.84 $2,667.02 $2,466.96
Expenses $0 $0 $0 $0
Total Payment $3,010.08 $2,830.84 $2,667.02 $2,466.96
Income Required $112,878.03 $106,156.52 $100,013.2 $92,511.13

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE SIGNATURE REALTY

40 Cavell Aven , Toronto, M8V 1P2, Toronto

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Multiplex
Area: Toronto
Municipality: Toronto W06
Neighbourhood: Mimico
Style: 2-Storey
Lot Size: x 163.40(Feet)
Approximate Age:
Tax: $8,256
Maintenance Fee: $0
Beds: 9
Baths: 6
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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