$2,298,888
Available - For Sale
Listing ID: W12005038
28 Algoma Stre , Toronto, M8Y 1C3, Toronto
| Newly renovated brick quadplex in Etobicoke. Turnkey Investment opportunity or residential home in the heart of Mimico. A rare find, this low-maintenance brick building offers 4 beautifully updated units, two 2-bedroom units and two 1-bedroom basement apartments. Each unit provides privacy and comfort for tenants including a spacious backyard with greenery and 6 car surface parking. Ideally located close to Mimico GO Train offering a quick and direct commute to downtown Toronto. Enjoy the convenience of nearby shops, restaurants, parks, and the waterfront of Lake Ontario. Recent updates include kitchens, bathrooms, floors, lighting, HVAC and more. Coin-operated laundry income. Sitting on a large lot, this property has potential for expansion offering fantastic opportunity. Whether you're an investor looking for good cash flow or a buyer seeking a multi-unit home with rental income, this four-plex is a must-see. Don't miss out on this prime opportunity! Estimated property cap rate: 4.87%. This property presents a strong investment opportunity with consistent income, reasonable expenses, and potential for growth. |
| Price | $2,298,888 |
| Taxes: | $5629.32 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 28 Algoma Stre , Toronto, M8Y 1C3, Toronto |
| Postal Code: | M8Y 1C3 |
| Province/State: | Toronto |
| Legal Description: | Plan M110 Lot 92 |
| Lot Size: | 50.00 x 125.50 (Feet) |
| Directions/Cross Streets: | Royal York & Algoma St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2753.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Approximatly Age: | 31-50 |
| Franchise: | F |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 4 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX REALTY ENTERPRISES INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto W06 |
| Neighbourhood: | Mimico |
| Lot Size: | 50.00 x 125.50(Feet) |
| Approximate Age: | 31-50 |
| Tax: | $5,629.32 |
| Baths: | 4 |
| Fireplace: | N |
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