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$3,495,000.00
231 MELROSE STREET, Toronto, Ontario, M8Y1B8, Canada Listing ID: W8454102| Bathrooms | Bedrooms | Property Type |
|---|---|---|
| 9 | 15 | Multi-family |
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 Units And 3 1-Bedroom Units With Balconies. These 15 Bedrooms In Total Have A Potential Of Producing Approximately $268,800 In Gross Annual Earnings, Which Makes This An Amazing Investment Opportunity. This Building Is Always Fully Rented And Offers A Fabulous Up-Side 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.
2 Balconies, 9 Surface Parking Spots, 9 Individual Hydro Meters, Tenants Pay Their Own Hydro Except Unit 1A. (id:31565)
Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 21 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.Room Details
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Additional Information
| Amenity Near By | Hospital, Public Transit, Schools |
|---|---|
| Features | |
| Maintenance Fee | |
| Maintenance Fee Payment Unit | |
| Management Company | |
| Ownership | |
| Parking |
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| Transaction | For sale |
Building
| Bathroom Total | 9 |
|---|---|
| Bedrooms Total | 15 |
| Bedrooms Above Ground | 9 |
| Bedrooms Below Ground | 6 |
| Amenities | Separate Electricity Meters |
| Appliances | Intercom, Dryer, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Cooling Type | Window air conditioner |
| Exterior Finish | Brick |
| Fireplace Present | |
| Fire Protection | Controlled entry, Security system, Smoke Detectors |
| Flooring Type | Hardwood |
| Foundation Type | Concrete |
| Heating Fuel | Natural gas |
| Heating Type | Radiant heat |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal water |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Toronto Real Estate Board
RIGHT AT HOME REALTY
27059578
Tue, 13 Aug 2024 03:47:18 GMT
