Rocky Li
Sales Representative
Right At Home Realty, Brokerage
Cell: 416-567-3688Office: 905-695-7888Fax: 905-695-0900
$3,999,900
Available - For Sale
Listing ID: W8267086
231 Melrose St , Toronto, M8Y 1B8, Ontario
| Don't Miss Out On The Incredible Opportunity To Own This Purpose-Built, Legal Multiplex, In A Prime Area Of South Etobicoke, Surrounded By Multi-Million Dollar Homes. The Solid Brick 9-Plex Consists Of 6 2-Bedroom, 2 1-Bedroom Units & A Studio Apartment, 15 Bedrooms In Total! Potential Gross Income Is Approximately $268,800.00, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Upside Potential On Tenant Turnover That Would Account For About 5.7% Of Return On The Investment Plus A Building Ownership! 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: 9 Parking Spots, 2 Balconies, 9 Individual Meters, Tenants Pay Their Own Hydro, Except Unit 1A. |
| Price | $3,999,900 |
| Taxes: | $15801.15 |
| Address: | 231 Melrose St , Toronto, M8Y 1B8, Ontario |
| Lot Size: | 50.00 x 125.00 (Feet) |
| Directions/Cross Streets: | South Kingsway & South Of Qew |
| Rooms: | 39 |
| Bedrooms: | 9 |
| Bedrooms +: | 6 |
| Kitchens: | 9 |
| Family Room: | N |
| Basement: | Finished |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 0 |
| Pool: | None |
| Approximatly Square Footage: | 5000+ |
| Property Features: | Hospital, Public Transit, School |
| Fireplace/Stove: | N |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | Window Unit |
| Elevator Lift: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RIGHT AT HOME REALTY |
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Rocky Li
Sales Representative
Dir:
416-567-3688
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Mimico |
| Style: | 2-Storey |
| Lot Size: | 50.00 x 125.00(Feet) |
| Tax: | $15,801.15 |
| Beds: | 9+6 |
| Baths: | 9 |
| Fireplace: | N |
| Pool: | None |
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